It said Kalegran, the operator, concluded a successful oil test in the Bijeel-1 exploration well.

The tested zone is in the upper Jurassic and flowed at rates of up to 3,200 bopd with associated gas rates of 933,000 scf/d.

Oil gravity was 18 degrees API and flowing wellhead pressure was 420 psi on a 48/64-inch choke.

Drilling operations are still in line with previously announced plans, following completion of the full test cycle, drilling will resume from the current depth of 3831m to a final planned depth of approximately 4400m, pending actual well results.

Undiluted equity working interests in Akri Bijeel are 80% Kalegran and 20% GKPI.

Story provided by Business Financial Newswire