Kuwait Energy oil find

18/12/2014 07:03 AST

Kuwait Energy, an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced that the exploration well Shahd-4 on the East Ras Qattara development lease, located in the Northern Western Desert onshore Egypt discovered hydrocarbons in the Wadi El Natrun formation (Jurassic) formation.

Kuwait Energy holds a 49.5 percent revenue interest in the East Ras Qattara development lease, while the remaining 50.5 percent is held by the operating company Sipetrol.

Tests of the Wadi El Natrun formation achieved flow rates of 1275 BBLS/D of condensate with 51 API and 12.5 MSCF/D of gas on choke 32/64”; and 2400 BBLS/D of condensate and 25 MMSCFD on choke 64/64".

This is a very important discovery as this is the first time that the Jurassic formation is proven to be a hydrocarbon producer in the East Tiba Half Graben sedimentary basin.

Sara Akbar, CEO of Kuwait Energy, said: “I am delighted to announce this discovery at the East Ras Qattara. This discovery would also allow for further diversification of our production in Egypt from oil, gas and condensates.”


Saudi Gazette

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