Sacoil completes Phase 1 of Lagia in Egypt

摘要

SOUTH AFRICA-BASED oil and gas firm, SacOil Holdings, through its subsidiary, Mena International Petroleum Company Limited, has successful completed the phase 1 of the field development operations at the Lagia oil field in Sinai, onshore Egypt, on time. The aim of phase 1 was to stimulate and re-complete the five existing production wells at the Lagia oilfield in order to increase production. Operations started on the 4th January 2015 and initial production indications are positive. Sacoil is confident that the targeted average production of 350 bpd will be achievable from these five wells once they are in sustained production.