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IPR, OVL find oil on North Ramadan block
04/23/2007
IPR Inc., Irving, Tex., and ONGC Videsh Ltd. (OVL), Mumbai, have made an oil discovery with the first exploration well on the North Ramadan concession in the Gulf of Suez.The North Ramadan-1A discovery was drilled 6 km west of IPR’s North July oil field, which has been producing since 1991. IPR said the offshore infrastructure at the adjacent North July development lease will provide options for expedited development of the discovery.North Ramadan-1A was drilled to 10,050 ft TD in the Lower Miocene Mheiherrat formation. The well perforated a total of 133 ft over a gross interval of 174 ft of interbedded sandstones, shales, and limestones in the Miocene Asl formation. The well tested...
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