CALGARY – Seadragon Energy says the partners in the South Ramadan Concession in the offshore Gulf of Suez offshore Egypt have awarded a seismic reprocessing contract.
Work on the program is under way, with the initial phase set to take six months to complete. This could lead to drilling of a new development well in 2016.
The 26.2-sq km (11.1-sq mi) concession is in 27 m (88.6 ft) of water, between the 550-MMbbli Ramadan oilfield, 5 km (3.1 mi) northwest, and the 1.5-Bbbl Morgan field 6 km (3.7 mi) southeast. Both fields produce light oil from Lower Cretaceous age Nubia sandstones.
South Ramadan contains two proven productive horizons in the Eocene age Thebes and Senonian age Matulla carbonates. These horizons have produced a combined 3.75 MMbbl of light oil (31⁰API) to date from two wells tied back to an existing platform.
Share your news with Offshore at firstname.lastname@example.org