Circle Oil finds gas at SAH-W1 well in Morocco

UK-based oil & gas exploration firm Circle Oil has found gas at its SAH-W1 well in the Sebou permit, onshore Morocco.

The well was spudded on 19 May and drilled to a total depth of 1,263m. Circle Oil said that wireline logging confirmed the presence of three gas-bearing zones and pressure testing found permeable high-pressure reservoirs.

The net pay across the three reservoir zones is 6m in the Top Guebbas, 6m in the Intra Guebbas, which is the main target, and another 3m in the lower part of the Intra Guebbas.

The reservoirs will be produced sequentially, starting from the bottom up, where the pressure is higher.

Circle Oil CEO Chris Green said: "This is the first well of a six well programme to be drilled with our partner ONHYM in the Sebou permit and is coupled with another six well programme in the Lalla Mimouna permit."

Circle Oil has a portfolio of assets in Morocco, Tunisia, Oman and Egypt, with a combination of low-risk near-term production and significant exploration upside potential. The company currently has assets in the Rharb Basin, Morocco, the Ras Marmour Permit in southern Tunisia, the Mahdia Permit offshore Tunisia, and the Zeit Bay area of Egypt.