Circle Oil posts positive appraisal drilling results

Circle Oil, an international oil and gas exploration, development and production company, has said the Geyad-6 well in Egypt, which begun drilling in September, has now been placed on production at an initial flow rate of 913 barrels per day (bpd).

Circle Oil, an international oil and gas exploration, development and production company, has said the Geyad-6 well in Egypt, which begun drilling in September, has now been placed on production at an initial flow rate of 913 barrels per day (bpd).

The well encountered seven foot of net pay and flowed oil and gas on test at an average rate of 1,559 bpd and 1.346m square cubic feet per day, respectively.

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