Circle Oil Completes Sebou Discovery as Potential Producer.Summary: The exploration well CGD-9 has been drilled, logged and successfully tested in the Sebou Permit, Morocco. The exploration well CGD-9 has been drilled, logged and successfully tested in the Sebou Permit, Morocco. The Company confirms a discovery in the Lower Guebbas Formation with the well testing gas at a sustained rate of 8.86MMscfd. The well has been completed as a potential producer.a <p>A full technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation. of all the results of the well is underway which will allow for forward planning forward planning n → planificación f por anticipado as a precursor to further assessment of the resource, including conducting an extended well test and a more complete estimation of the reserves. The drilling rig has now moved to the next drilling location on this permit to commence drilling of the KSR-8 well, the third of a planned six well drilling program in the area. The Sebou Permit (Circle Oil 75% working interest, ONHYM ONHYM Office National des Hydrocarbures et des Mines (Morocco) 25%) lies northeast of Rabat Rabat (räbät`), city (1994 pop. 787,745), capital of Morocco, on the Atlantic Ocean at the mouth of the Bou Regreg estuary, opposite Salé. in the Rharb Basin, Morocco. The Rharb Basin is a foredeep Basin located in the external zone of the Rif Folded belt. The concession agreement Concession Agreement A right granted by a government to a corporation. It specifies rules under which the company can operate locally. Notes: Some concession agreements might include tax breaks for the corporation, in order to keep them from moving to another jurisdiction. includes the right of conversion to a production licence of 30 years, plus extensions, in the event of commercial discoveries. Copyright UMCI News Provided by Syndigate.info an Albawaba.com company |
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