Rabat - Irish Oil & Gas exploration company Circle Oil has announced that gas had begun flowing at its LAM-1 well in Morocco.
Rabat – Irish Oil & Gas exploration company Circle Oil has announced that gas had begun flowing at its LAM-1 well in Morocco.
The Limerick-based company said it had reached a stabilized gas flow rate of 1.9 million cubic feet per day at the LAM-1 well in the Lalla Mimouna onshore permit. The secondary target flowed gas at 1.1 million cubic feet, according to a Circle Oil statement.
“We are delighted that our first well on the Lalla Mimouna block has such positive results, flowing gas at significant rates,” Circle Chief Executive Officer Mitch Flegg said. “The productivity of this first well is very encouraging for the expansion of Circle’s portfolio of Morocco gas fields.”
The total depth of the well, 1,541 metres, was reached on May 26th, 2015. LAM-1, the first well drilled by Circle on the Lalla Mimouna permit, targeted the Miocene gas-bearing sands, similar to the Sebou Permit to the south of Lalla Mimouna.
A number of oil and gas firms, including BP, Chevron and Cairn have arrived in Morocco to explore the country’s offshore gas & oil potential reserves.
Circle Oil, which runs gas & oil exploration operations in Morocco, Tunisia, Oman and Egypt, has a 75 per cent interest in the Lalla Mimouna permit.