Petroceltic International today confirmed it had successfully drilled the first of 24 new development wells on its Ain Tsila gas and condensate field in Algeria.
The well was spud by the Sinopec Rig on February 21 and completed on March 21. It reached a total depth of 2005m. Wireline logging results from the well indicate that reservoir quality is in line with the pre-drill estimations.
Chief executive 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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