Circle Oil

Circle Oil has produced oil from the AASE-24 well on the North West Gemsa field in Egypt. Drilled as part of the field’s 2016 infill campaign, AASE-24 recorded an average gross output rate of 1,714 B/D of oil and 3 MMcf/D of gas through a 40/64-in. choke. The rate is being lowered to protect the field’s long-term production capability, the company said. Circle has a 40% interest in the field, which is operated by NPIC, a subsidiary of Zhen Hua Oil (50%). The remaining stake is held by SDX Energy.


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