Company News Summary
Beach Energy Announces Egyptian Oil Flows from EPT in Excess of 2500 Barrels Per Day
Original announcement: Egyptian oil flows from EPT in excess of 2500barrels per day
Beach Energy advised that the extended production tests (EPT) on its four successful wells in the Abu Sennan concession (Beach 22%) in Egypt's Western Desert, have commenced. The four wells, Al Ahmadi-1, GPZZ-4, Al Jahraa-1 and El Salmiya-1 flowed oil, gas and condensate during drill stem tests from various intervals, including the Abu Roash C, E, and G members and the Bahariya Formation. The combined maximum production rate achieved to date from the EPT was 2,524 barrels of oil per day, with associated gas. The EPT is planned to continue for six months, which will enable the volume of hydrocarbons in place to be estimated. The EPT will also provide the basis for a development plan that will focus on the effective recovery of hydrocarbons within the various reservoirs.
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