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Wednesday, 16 August 2017

Rockhopper says operations in Egypt are “stable”

Rockhopper says its operations in Egypt remain stable, producing around 3,300 boepd in 1H2017. “We are pleased with the overall progress in Egypt and, in particular, with the continuing reduction in our receivables balance,” CEO Sam Moody says. As for Rockhopper’s drilling activities on two wells at Abu Sennan, Al Jahraa-9 and Al Jahraa SE-2X, Moody says that “while it is disappointing that the Al Jahraa-9 well was water wet, the deep oil shows are an encouraging indication of the additional potential at these deeper levels in other areas of the concession…with the Al Jahraa SE-2X well having now been completed as a producer, we believe that a well-constructed water flood programme would have the potential to significantly enhance recovery factors achievable at the Al Jahraa field.”

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