Tanganyika continues aggressive exploration program in Egypt
Posted: 30 January 2006
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Tanganyika Oil says it has continued its aggressive exploration, appraisal and development drilling programme in Egypt. The move aims to test additional prospects in the West Gharib area and simultaneously increase production.
Since October 2005, the company has increased the number of oil producing wells in the Hana Field from 5 to 7, completed drilling Hoshia-3 and Fadl-2 as oil
producers, abandoned West Yusr-1 as a dry hole, completed testing West Hosia-1 as an oil producer, completed drilling the West Hoshia-2, 3 and 4 shallow wells which are waiting completion of testing and completed re-entry of the old (1960) Rahmi-1 well as an oil producer.
The company submitted applications to the government to obtain two Development Leases in the West Hoshia and Rahmi fields and is waiting for approval to commence production from both fields. The company is currently evaluating the reserves in Egypt, including the new discoveries, under NI 51-101 guidelines for yearend reporting.
Monthly average gross field production grew from 2,500 barrels of oil per day in October, 2005 to current levels of 3,300 bpd of which the Company's net share is 960 bpd.
Posted by Editor Pipeline Magazine
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