Area Drilling

EgyptTanganyika Oil Co. Ltd., Vancouver, BC, is developing heavy oil discoveries on the 468,750-acre West Gharib Concession west of the Gulf of Suez.A rig is under contract for a continuous 12-well program on the block. Of four wildcats drilled on the block earlier this year, only Naiem-1 was dry.Hoshia-1 stabilized at 620 b/d of 17° gravity oil from the Miocene Rudeis formation. The West Hoshia-1 produced 180 b/d of 10° gravity oil, and Fadl-1 produced 250 b/d of 14° gravity oil. Both await equipment for long-term tests.The Hoshia-2 updip appraisal well found encouraging shows in Rudeis and the deeper Raha and Nubia formations.The company also plans to appraise the previous S...

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