LONDON (SHARECAST) – Circle Oil, the oil and gas company with assets in Morocco, Tunisia, Oman and Egypt, says it has successfully drilled a water injection well to support production in its Geyad Field in the Gulf of Suez Basin.The rig used to drill the well has now been mobilised to drill the water injector well Al Ola-2, located on the south-eastern flank of the Al Amir SE field. The new well is planned to appraise both the Shagar and Rahmi sands for injection in that location.
The Chief Executive of Circle, Professor Chris Green said
“I am pleased to report another successful result … The water injection programme is part of the continuing plan to increase production rates for the medium and long term.”
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