In August 2016, Rockhopper acquired a portfolio of production and exploration assets from Beach Australia.
At a glance
- 22% working interest
- Average net production c.1,100 boepd (during H2 2015/H1 2016)
- Active drilling programme to target near-field upside
El Qa’a Plain
- 25% working interest
- First phase of exploration
- 3D seismic acquisition completed
- Exploration committment well in 2017
Abu Sennan concession
The Abu Sennan concession is located in the Abu Gharadig basin in the Western Desert. The concession was signed in June 2007 with first commercial production achieved during 2012. Unit cash operating costs were approximately US$8 per barrel during H1 2016. The concession remains underexplored with significant exploration and appraisal upside providing opportunities for near-term production additions.
In July 2016, the Al Jahraa SE-1X oil exploration well, located approximately six kilometres southeast of the Al Jahraa-1 discovery well was drilled and is now on production. Two development wells are planned for H1 2017 aimed at maintaining production levels by offsetting natural decline from existing wells.
ASH‐1X ST2 development well was a side-track of the ASH‐1X ST1 discovery well targeting previously encountered reservoirs. The well is now on production and additional zones in the wells will be brought into production at a later date.
The concession partners are Kuwait Energy (50% and operator) and Dover Investments (28%).
El Qa’a Plain concession
The El Qa’a Plain concession is located on the eastern shore of the Gulf of Suez and contains a number of oil leads identified on existing 2D seismic data. The concession was signed in January 2014. Approximately 470 sq km of 3D seismic plus 35 km of 2D seismic has recently been acquired and is currently being processed. The drilling of an exploration commitment well is planned in late 2017/early 2018. The concession partners are Dana Petroleum (37.5% and operator) and Petroceltic (37.5%).