Circle Oil

Oil & Gas

Circle Oil suspends Moroccan well after disappointing wireline logs

Circle Oil has suspended a well after an interpretation of wireline logs revealed its reservoir quality was not as high as previous estimates. The North African focused oil and gas exploration company drilled ANS-2 on the Lalla Mimouna permit, onshore Morocco, following success on the LAM-1 well. The second well was targeting the Miocene sands, and while the well encountered gas shows whilst drilling at total depth the company has chosen to get further analysis of data before pressing ahead.