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Egypt: Second oil find produces on Kom Ombo block

The discovery well of the newly found West Al Baraka field in southern Egypt’s Kom Ombo basin has averaged 120-250 b/d of light oil since being placed on extended test in December 2012, said Sea Dragon Energy Inc., Calgary.

Egypt’s Petroleum Ministry has granted a development lease, and as many as three more wells could be drilled after the development plan is approved. The discovery well, West Al Baraka-2, is shut-in awaiting replacement of a bottomhole pump.

Meanwhile, Al Baraka field, the other field on the Kom Ombo concession 1,000 km south of Cairo, is producing 500 b/d of oil.

Sea Dragon and Dana Gas, which hold 50% interest in the concession, plan $4 million in 2013 capital spending and expect production from existing wells to average 510 b/d.


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