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SacOil launches Lagia field operations onshore Egypt

06th January 2015

SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited (Mena), has announced the commencement of field development operations at its 100 per cent owned Lagia oil field in Sinai, onshore Egypt

SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited (Mena), has announced the commencement of field development operations at its 100 per cent owned Lagia oil field in Sinai, onshore Egypt
The company anticipates total daily production of approximately 350 barrels of oil per day, provided the completion of operations at each of these wells is successful

Mena has contracted Schlumberger Egypt to conduct an initial phase of development, which includes the hydraulic stimulation of the Lagia 6, 7, 8, 9 and 10 wells, specifically targeting the intersected productive Nukhul geological formation.

Operations commenced on the 4 January 2015 and well results are expected by the end of January 2015.

The company anticipates total daily production of approximately 350 barrels of oil per day, provided the completion of operations at each of these wells is successful.

In addition to these hydraulic stimulation operations, a thermal recovery process is being planned for the first half of 2015, which should further enhance oil production and recovery of the reserves from the Lagia oil field.

SacOil is preparing and planning a second phase of development operations to start by June 2015, which includes the drilling of up to five additional wells in the Lagia oil field.

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