{"id":14564,"date":"2024-10-16T18:11:15","date_gmt":"2024-10-16T18:11:15","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14564"},"modified":"2024-10-16T18:11:18","modified_gmt":"2024-10-16T18:11:18","slug":"egypt-tag-oil-provides-operations-updates-strategic-new-acquisition-to-expand-unconventional-conventional-acreage-position","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-provides-operations-updates-strategic-new-acquisition-to-expand-unconventional-conventional-acreage-position\/","title":{"rendered":"EGYPT: TAG Oil Provides Operations Updates &amp; Strategic New Acquisition to Expand Unconventional &amp; Conventional Acreage Position"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><em>CURRENT OPERATIONS \u2013 Badr Oil Field (BED-1 Concession)<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Production from the BED4-T100 (T100) horizontal well is averaging 200 barrels of fluid per day and 35 percent water. Operation of the T100 well has been intermittent for the last two months as the reservoir extent was assessed through pressure build-up analysis and the lift system optimized. The T100 well initially produced under natural flow and subsequently with a jet pump to recover the large volumes of fracture fluid containing sand. The T100 well is now equipped with a sucker rod pump for long term stable production. Cumulative oil production of the T100 well to date is in excess of 15,000 barrels and shipments have commenced to third party facilities. Further evaluation by the Company is also underway of fluid samples, drill cuttings, and tracers as they flow back, to inform performance of stimulated sections along the horizontal lateral and further optimization potential on the T100 well.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the successful proof of concept of producing commercial oil volumes from the unconventional Abu Roash \u201cF\u201d reservoir (ARF) in the BED-1 Concession, current development plans include returning the previously completed and produced BED1-7 vertical well to production following an extended pressure build-up analysis. The well will be set up with a sucker rod pumping system, similar to the T100 well, during the fourth quarter. In addition, several new drilling locations have been identified for an additional one or two vertical wells in Q1-2025 targeting high intensity natural fractured areas that can potentially produce at good initial oil volumes. Planning of a second horizontal well is also underway and is planned for drilling in Q2-2025. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>NEW EGYPT ACQUISITION \u2013 Significantly Expanding TAG Oil\u2019s Acreage Footprint<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TAG Oil announces that it has received a \u201cNo Objection Letter\u201d approval from an industry operator in Egypt to the Company\u2019s proposal to acquire a significant interest in their sizable concession in the Western Desert, Egypt. TAG Oil engaged in evaluating the Concession earlier this year and submitted a binding proposal in the second quarter. The farm-in agreement contemplates standard farm-in terms and is subject to certain conditions and other regulatory approvals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The target Concession covers an area of approximately\u00a0<strong>2,000 km<sup>2<\/sup><\/strong>\u00a0(<strong>512,000 acres<\/strong>) in the Western Desert, nearly 20 times larger than the 26,000-acre BED-1 Concession. Of specific interest is the unconventional ARF oil formation that is present covering a large portion of the targeted Concession with indications of very good ARF reservoir properties, similar to the BED-1 Concession, which has estimated oil-initially-in-place of 532 MMbbl assigned to the ARF unconventional resource play.\u00a0 Completing this acquisition will expand TAG Oil\u2019s footprint on this significant unconventional resource play in Egypt, as well as adding immediate conventional production and upside in proven reservoirs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The area has excellent coverage of 2-D and 3-D seismic and contains several producing and available oil wells with upside potential for completion and production optimization in conventional light oil reservoirs. Several prospective drilling locations and side-track opportunities have also been identified on 3-D seismic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CURRENT OPERATIONS \u2013 Badr Oil Field (BED-1 Concession) Production from the BED4-T100 (T100) horizontal well is averaging 200 barrels of fluid per day and 35 percent water. Operation of the &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-provides-operations-updates-strategic-new-acquisition-to-expand-unconventional-conventional-acreage-position\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":14405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[10913,11697,11698,709,10912,7610],"class_list":["post-14564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-badr-oil-field","tag-bed-1-concession","tag-bed4-t100","tag-egypt","tag-tag-oil","tag-western-desert","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3MU","jetpack-related-posts":[{"id":14404,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-provides-flow-test-and-production-update-for-bed4-t100-horizontal-well\/","url_meta":{"origin":14564,"position":0},"title":"EGYPT: TAG Oil Provides Flow Test and Production Update for BED4-T100 Horizontal Well","author":"","date":"July 10, 2024","format":false,"excerpt":"TAG Oil has\u00a0announced that it is continuing to produce oil and unload fracture fluid from the BED4-T100 (T100) horizontal well in the Badr-1 Oil Field in the Western Desert of Egypt, and has commenced shipping the crude oil for further treating and handling. The current T100 oil production is 400\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/07\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":14239,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-provides-update-on-bed4-t100-well\/","url_meta":{"origin":14564,"position":1},"title":"EGYPT: TAG Oil Provides Update on BED4-T100 Well","author":"","date":"February 27, 2024","format":false,"excerpt":"Following TAG Oil\u2019s last update on January 3, 2024, the Company has since completed re-drilling from the intermediate cased section of the T100 well in BED-1, landing the casing liner in the Abu Roash \u201cF\u201d carbonate reservoir zone, and reaching a measured depth of 3,238 meters in the ARF. TAG\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/02\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/02\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/02\/EGYPT-BED-1.jpg?fit=682%2C512&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12994,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-to-spud-first-horizontal-well-in-q2-2023-at-the-badr-oil-field\/","url_meta":{"origin":14564,"position":2},"title":"EGYPT: TAG Oil to Spud First Horizontal Well in Q2 2023 at the Badr Oil Field","author":"","date":"December 16, 2022","format":false,"excerpt":"First Well Re-Completion: TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The well had previously tested at a peak rate of 418 barrels of 24\u1d52 API oil and produced ~20,000 barrels of oil from the ARF during a one-year production\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Egypt-Badr-Oil-Firld.jpg?fit=682%2C512&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Egypt-Badr-Oil-Firld.jpg?fit=682%2C512&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/12\/Egypt-Badr-Oil-Firld.jpg?fit=682%2C512&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":15839,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-provides-update-on-drilling-operations-at-bed-1-concession\/","url_meta":{"origin":14564,"position":3},"title":"EGYPT: TAG Oil Provides Update on Drilling Operations at BED-1 Concession","author":"Samuel Kamau Mbote","date":"June 17, 2026","format":false,"excerpt":"TAG Oil has providean update on drilling operations at the Badr Oil Field in the Western Desert of Egypt. For the upcoming T-200 vertical well, the NDC-9 drilling rig is expected to be mobilized to the BED-1 location this month. Surface site preparation is underway, and other regulatory requirements have\u2026","rel":"","context":"In \"Egypt\"","block_context":{"text":"Egypt","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/egypt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2026\/06\/Egypt-Bed-1.jpg?fit=700%2C517&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15321,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-tag-oil-awarded-petroleum-services-agreement-for-development-in-southeast-ras-qattara-concession\/","url_meta":{"origin":14564,"position":4},"title":"EGYPT: TAG Oil Awarded Petroleum Services Agreement for Development in Southeast Ras Qattara Concession","author":"","date":"November 3, 2025","format":false,"excerpt":"TAG Oil Ltd has announced that it has received approval to enter into a petroleum services agreement by the Egyptian National Petroleum for Exploration and Development Company (ENPEDCO) for the development of the unconventional Abu Roash \u201cF\u201d (ARF) reservoir within the Southeast Ras Qattara concession (the \u201cSERQ Concession\u201d) in Egypt\u2019s\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/11\/Egypt-Apex.jpg?fit=900%2C505&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":15007,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-egpc-approves-consolidation-of-capricorns-8-existing-concession-agreements\/","url_meta":{"origin":14564,"position":5},"title":"EGYPT: EGPC Approves Consolidation of Capricorn&#8217;s 8 Existing Concession Agreements","author":"","date":"May 8, 2025","format":false,"excerpt":"Capricorn has announced that it has been informed by the Egyptian General Petroleum Corporation (EGPC) that it has approved the consolidation of eight of the Company\u2019s existing Egyptian concession agreements, in which it has a 50% participating interest held jointly with Cheiron Oil and Gas Limited, into a new, single\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/capricon-map_2024-10-08.jpg?fit=782%2C512&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/capricon-map_2024-10-08.jpg?fit=782%2C512&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/capricon-map_2024-10-08.jpg?fit=782%2C512&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2025\/05\/capricon-map_2024-10-08.jpg?fit=782%2C512&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14564","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14564"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14564\/revisions"}],"predecessor-version":[{"id":14565,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14564\/revisions\/14565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/14405"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}