Located at the southern entrance of the Gulf of Suez, the Geisum field is part of the Group’s Geisum and Tawila West Concession covering also the North Geisum, South Geisum, Northeast Geisum and Tawila West fields. In December 2016, the company laid the groundwork to commence drilling of the GC-8B well targeting the Kareem reservoir with an expected additional reserves of 0.5 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.…
PICO Cheiron Group Hires New CEO, Forms Leadership Team & Board of Directors
As part of the company’s strive to continuously acquire and retain the best talent, PICO Cheiron has recently undergone a change in management bringing on board its new Chief Executive Officer, Mr. Ian Hewitt, who assumed his role in February 2016. The Group has also put in place a new Leadership Team, whose mandate is to help the Group maintain its competitive advantage, while also guiding our next generation of leaders and help prepare them to drive the group’s long-term sustainable growth.…
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.…