Circle Oil Finds Significant Gas Onshore Morocco

Circle Oil Plc, the Middle East and North Africa focused oil and gas exploration, on Monday announced a significant gas discovery at well KSR-12 in the Sebou Permit, onshore Morocco.

The well was drilled to a depth of 1,980 metres. Gas shows, which were confirmed by wireline logging, were encountered at two different levels within the objective Hoot sands, the company said.

“The seven inch liner was run and cemented and the first test over the primary target Main Hoot sands flowed at a sustained rate of 8.09MMscf/d on a 20/64" choke over 8 hours with no decrease in well head pressure. The second test over the Upper Hoot sands produced at a stabilised rate of 2.32MMscf/d on a 9/64"choke over 10 hours. The well will be completed for future production in the Main Hoot sands and the Upper Hoot will be completed for production once the Main Hoot gas sands have been depleted,’ Circle Oil said.

The company further added that a new rig has been transported to Morocco but due to recent heavy rains affecting access roads into the drill site area in Lalla Mimouna, where drilling platforms have been prepared, it cannot currently be delivered there.

Commenting on the results of the KSR-12 well Chris Green, CEO, said: "We are delighted with the results of the KSR-12 well, which has found the thickest gas sand interval to date of our Sebou wells. We believe that this well will add significant volumes to our reserves for potential gas production and at rates not subject to oil price fluctuation. This is the third well of a six well programme to be drilled with our partner ONHYM in the Sebou permit and is coupled with another six well programme in the Lalla Mimouna permit."