The Al Amir SE-1 sidetrack well has been drilled in the onshore North West Gemsa Concession, Egypt.
Premier Oil announces a discovery in Kareem Formation sandstones with the well testing 41° API oil and gas at sustained rates of 3388 bopd and 4.25 MMscfd. The well, which had been sidetracked after operational difficulties, is currently being completed as a potential producer.
Full technical evaluation of all the results is underway to permit forward planning as a precursor to further assessment of the resource. Assessment of Reserves has not yet been completed.
The North West Gemsa Concession partners include Vegas Oil and Gas 50% interest and operator, Circle Oil plc 40% interest and Premier Oil plc 10%.
The NW Gemsa concession covers an area of over 400 square kilometres and lies about 300 kilometres southeast of Cairo in a partially unexplored part of the Gulf of Suez Basin. The concession agreement includes the right of conversion to a production licence of 20 years, plus extensions, in the event of commercial discoveries.
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