Circle Oil starts drilling second well on Sebou permit, Morocco

Circle Oil has spudded the second well, CGD-12, in its third drilling campaign in the Sebou permit, Morocco.

The well, which is the first campaign in the Lalla Mimouna permit, will test a dipping fault bounded sand lens at 1,021m depth in the Guebbas formation, where several previous discoveries have been made.

It is one of 12 sites selected for the existing campaign, which intends to discover hydrocarbon accumulations similar to the current geological reservoirs in the Sebou permit.

Gas production from Sebou is continuing at a gross rate of 6.8 to 7 million cubic feet per day.

Circle Oil holds a 75% stake in the Sebou and Lalla Mimouna permits, while Office National des Hydrocarbures et des Mines (ONHYM) owns the remaining interest.

Circle Oil CEO Chris Green said: "Circle is very pleased to announce the start-up of our second well in the third drilling campaign in Morocco.

"We again thank our partner ONHYM for its continuing support and assistance as we continue our joint work programme."

Circle Oil owns a portfolio of assets in Morocco, Tunisia, Oman and Egypt, which includes low-risk, near-term production and significant upside exploration potential.

The company currently has assets in the Rharb Basin in Morocco, the Ras Marmour permit in southern Tunisia, the Mahdia permit offshore Tunisia and the Zeit Bay area of Egypt.

Circle Oil, which has the largest licensed acreage of any company in Oman, is undertaking an ongoing exploration programme in Block 49 onshore apart from its prospective Block 52 offshore.

---

Image: The CGD-12 well forms part of Circle Oil’s third drilling campaign in the Sebou permit, Morocco. Photo: courtesy of suwatpo / FreeDigitalPhotos.net.