Petroceltic hits ‘success’ onshore Algerian field

oilrig pixabayPetroceltic has revealed that it has found ’success’ on the development well AT-10 at Ain Tsila oil and gas field in Algeria

The well, which is located in the north of the field approximately 3.2km from the field discovery well AT-1, is the first among a series of 24 new development wells on Ain Tsila.

The drilling at well AT-10 began on 21 February 2016 and reached a total depth of around two kilometres on 21 March 2016. Wireline logging results from the well indicated that reservoir quality is in line with the pre-drill prognosis, with an expected initial off-take rate comparable to the AT-1 and AT-8 wells, each of which delivered flow rates in excess of 30mn cubic feet per day.

The company also stated that well test results will be confirmed later this year after planned batch completion, stimulation and testing activities are undertaken.

Petroceltic CEO Brian O’Cathain said, “We are delighted that AT-10 result confirms the success of earlier wells in the highly productive northern part of the field. The Sinopec rig performed above expectations on its first well and we have a number of improvement initiatives planned to reduce future well costs, mitigate development risks on Ain Tsila and maintain momentum towards first gas. We anticipate further operational updates and enhancements to the development plan in the near future.”

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