Efora Energy of South Africa is looking to farm out the Lagia Development Lease, which contains the Lagia oil field, onshore Gulf of Suez. Interested parties are invited to participate in the further development of the Lagia oil field and the appraisal and exploration of opportunities within the licence area.   The Lagia Development Lease is operated by PetroSinai, a joint venture company between Mena International Petroleum Company Limited (MIPCL), Eforaâs wholly owned subsidiary, and the Egyptian Petroleum Company (EGPC) in March 2012. MIPCL was awarded the lease in 2010 and became a wholly owned subsidiary of Efora on 22 October 2014.  The field came on-stream on 23 March 2012 with the Lagia 6 and Lagia wells producing at a rate of 60 b/d of heavy oil (12 Â°API) from the Nukhul formation using ESP. Three more wells were drilled in 2012, namely Lagia 8, Lagia 9 and Lagia 10, which increased production to 87 bo/d. An early development program was implemented in 2015 and four wells were drilled, Lagia 11, Lagia 12, Lagia 13 and Lagia 16 using fracking. The lastest well Lagia 14 was successfully brought on stream in 2017, with the wellâs production peaking at 75 bo/d. Production was stabilized around 40 bo/d.  A development plan proposes the drilling of 55 wells to fully develop the lease. A light oil potential could be in the Cretaceous layer between 1,000 and 1,300 m.  Reserves were estimated by Boury Global Energy Consultants Limited as at 31 March 2018 at 7.9 MMb (2P) and 5.6 MMb (2P).   For contact: Mr. Willem de Meyer   Willem.demeyer@eforaenergy.com  Background information  Lagia was discovered in the 1950's by Anglo Egyptian Oilfields. It came on stream in March 2012 from its main reservoir, the Nukhul Formation. In March 2016, the completion of the Phase 2 of the development program was announced by SacOil, the former operator of the block, with the drilling of 5 thermal wells and the installation of steam facilities for a CSS (Cyclic Steam Stimulation) recovery. In addition, the company reported that the deeper Thebes reservoir showed a good oil production potential. This second phase intends to enhance recovery of oil from existing production wells, which was producing oil from cold flow only.  The oil produced from the Lagia field is trucked to the GPC (General Petroleum Company) facilities, which is owned by Egyptian General Petroleum Corporation, approximately 300 km from the Lagia field.
Efora Energy of South Africa is looking to farm out the Lagia Development Lease, which contains the Lagia oil field, onshore Gulf of Suez. Interested parties are invited to participate in the further development of the Lagia oil field and the appraisal and exploration of opportunities within the licence area.