Exploration

SacOil begins second phase development at its Lagia oil field, onshore Egypt

Friday, 18 September 2015 12:21

SacOil Holdings, has through its subsidiary Mena International Petroleum Company, announced the commencement of phase 2 of the field development operations at its solely owned Lagia oil field in Sinai, onshore Egypt. Energy-pedia reports

This phase 2 comprises of the installation of steam facilities for a thermal recovery process on the existing production wells and the drilling of a minimum of 5 additional thermal wells with the aim of further enhancing existing production and the recovery of oil from the field.

SacOil earlier this year acquired a steam generator and is proud to confirm that the generator arrived on site on the 4th of September 2015. Commissioning and operational testing is presently under way and the Company is to begin full-scale steaming by the end of September 2015.

The first steaming will focus on the existing production wells, which are now producing oil from cold flow only. It is expected that each of the well will be steamed and allowed to soak for a number of days before starting production. The commencement of phase 2 also corresponds with the drilling of a minimum of additional 5 wells.

The drilling of Lagia 11 to 15 will start in mid-October 2015. Nevertheless aligning the steaming process with the additional drilling programme, presents a perfect scenario to optimize the use of on-site resources and test the potential upside of the field, which is in line with the Company’s strategy to fast-track the development of the Lagia oil field to production of above 1 000 bbls/d.

More details on the results of the phase 2 development, as well as progress on the current operations, will be announced in due course.

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