Moneyam
StockMarketWire.com
Gulfsands Petroleum is pleased with flow results from the Dardara Southeast 1 (DRC-1) well in northern Morocco.
Well perforating, completion and clean-up operations have now been concluded on DRC-1 which is located within the Rharb Centre permit.
Gulfsands says: “Following an initial three hour well clean-up flow period, the well was fully unloaded of completion fluids to a 100% gas stream. “During a subsequent six hour flow period, the well flowed at an average gas rate of 7.1 Million standard cubic feet per day on a 32/64th” choke with a stable well head pressure of 1230 pounds per square inch, and with no associated formation water production or sand production.”
The well is to be suspended as a future gas production well and the COFOR drilling rig will move to the Douar Ouled Balkhair (DOB-1) drilling location, where gas exploration well DOB-1 will be spudded later this month. Operations on the DOB-1 well are expected to take 28 days in total.
Subject to finalisation of arrangements with ONHYM, the company anticipates that the DRC-1 well can be connected to existing local infrastructure so that production of gas for sale can commence in the coming months.
Chief executive Mahdi Sajjad said: “We are very pleased with the flow result from well DRC-1, the performance of which is consistent with the apparent excellent quality of the reservoir observed from drilling and wire line log information. We look forward to receiving the results from our next exploration well in the Rharb Centre Permit over the next few weeks.”
