Kuwait Energy Co. and its main partner, the Egyptian General Petroleum Corp., said Monday they made a new oil discovery in Ahmad-2 oil well, located in Egypt 's Gulf of Suez .

The Ahmad-2 well encountered oil in the Rudeis formation for the first time in the Shukheir North West field and Ahmad area, and initial tests showed a production flow rate of 1,300 barrels of oil per day, Kuwait Energy said in an emailed statement.

It is the fifth exploration success in the Area A concession, and the 19th discovery in Egypt for Kuwait Energy since 2008.

Kuwait Energy, a privately owned oil and gas explorer and producer that started operations in Egypt in 2008, is the operator of the concession, in which it holds a 50% working interest. Egypt 's Beach Petroleum Pty Ltd. holds a 22% working interest and Dover Investments Ltd. a 28% working interest.

Egypt 's operations contribute the largest share to Kuwait Energy's current total working interest production.
Ακολουθήστε το energia.gr στο Google News!Παρακολουθήστε τις εξελίξεις με την υπογραφη εγκυρότητας του energia.gr

Διαβάστε ακόμα