Kuwait Energy discovers more oil and gas in Egypt

oilwell egypt-Dani Simmonds sxc.huKuwait Energy has announced that it has found more oil and gas at its El Salmiya-2 well on the Abu Sennan concession in Egypt’s Western Desert

The firm’s partner Beach Energy said that a drill stem test of the Kharita formation initially flowed at a rate of 3,530 barrels per day (bpd) and 133,089 cubic metres (cu m) per day of gas.

The 42° API light crude yielded from the test is the first time oil has been encountered in the Kharita formation within the concession, Beach Energy added.

The Kharita oil column has been measured to a depth of 68 metres, equating to 49 metres true vertical depth and, according to the joint venture, the sandstone is of excellent quality with 56 metres of net pay.

Kuwait has estimated gross proven and probable reserves of 18.5mn barrels of oil and four million cubic metres of gas in the Kharita play alone.

Kuwait Energy operates the Abu Sennan concession with a 50 per cent interest while Australia-based Beach Energy holds a 22 per cent stake. Dover Investments holds the remaining 28 per cent equity.



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