MENA Hydrocarbons has formed a joint venture company with the Egyptian Petroleum Company (EGPC) to assume operations in the Lagia oil field development in Egypt.
Lagia oil field is a 32km2 onshore block located on the Sinai Peninsula, directly adjacent to the Gulf of Suez.
The joint venture company, PetroSinai, commenced operations on the field earlier this month using Petroservices Drilling Overseas' 750 HP rig Shams 1 for a six well programme which involves working over two existing wells and drilling two development wells and two appraisal wells.
The existing well, Lagia 6, has now been successfully re-entered and re-perforated.
MENA Hydrocarbons expects to complete Lagia 6 and 7 wells with a subsurface pump, after which two development wells and two appraisal wells will be drilled to the top of the Thebes formation at around 1500 ft.
Produced oil will be transported by road tanker to the production facilities of the General Petroleum Company (GPC) at Ras Gharib.
MENA said it will continue to operate the Lagia oil field on behalf of PetroSinai until arrangements for new premises and staffing for the new company are completed.