More good news for Gulf Keystone Petroleum, the oil and gas exploration company with interests in Algeria and Kurdistan. Today the company announced its third successful well, HBH-5 on the Hassi Ba Hamou (HBH) Permit in Algeria. The HBH Permit contains the HBH gas field in Algeria’s Western Desert.
The appraisal well reached a total depth of 928 metres, encountering the Devonian gas reservoir as expected. During an initial production test, the well flowed at a rate of 11,366 cubic meters per hour on a 96/64 inch coke.
The rig that completed the well has now moved on to drill sixth and final well, HBH-6, which will mark the completion of the commitments for the licence.
Mr. Todd Kozel, Executive Chairman, said he was particularly pleased with the result: 'Taken with HBH-4 and RM-1, this is now our third successful well on the HBH Permit. Particularly pleasing is that HBH-5 proves the extension of the gas field and has flow tested at similarly good rates to our previous two successes. This result amply justifies our recent decision to enter the second prospecting phase on the HBH Permit, with its further seismic, exploration and appraisal well commitment, and also emphasises the high prospectivity of the HBH Permit.”