Category: Petroleum and Gas

Geisum Successfully Drills GC-9A

The Geisum well was successfully spudded on 7 June 2016 and was put into production on 16 July 2016. The well target reservoir is Shagar, its initial flow rate is 1223 mbopd, and reserve addition is 0.75 MMbbls.…

PICO Cheiron Successfully Drills Am 18 Sidetrack Well at its Amal Field

As part of the Group’s strive to continuously grow its working interest production, in March 2016 PICO Cheiron successfully drilled the Am 18 sidetrack well targeting the Rudeis reservoir in the Amal concession. The well results were successful with an initial flow rate of 7 MMscf/day of gas and 400 bbls/day of condensate and expected additional reserves of 6 BCF.…

International Consultants Hired to Refresh Prospect Inventory

International consultants from Berskshire Land and Energy have been hired to take a fresh look at the Group’s current portfolio and build up our prospect inventory.  PICO Cheiron brings in consultants with international expertise every two years, with the aim of taking a fresh look at our assets and to make sure we are driving the maximum value from them.…

PICO Cheiron Successfully Drills Am 23A Well at its Amal Field

In January 2016, the company successfully drilled the Am 23A well targeting the Rudeis reservoir in the Amal concession. The well results were successful with an initial flow rate of 2,400 bbls/day and current production of 2,000 bbls/day, with expected additional reserves totaling 1.1 MMbbls.…