Area Drilling

CyprusEgypt's oil minister was to visit Cyprus for talks on the oil potential of the eastern Mediterranean.Exploration in Egypt's Nile Delta has confirmed large gas and condensate reserves, some of which have been brought into production. Several discoveries have been made in the Mediterranean off Israel.A European Union report confirmed that high gas potential extends into Cyprus waters, press reports said.Congo (Brazzaville)Maurel & Prom, Paris, made an indicated oil discovery at the first well on the 850,000-acre Kouilou license onshore 20 km north of Kouakouala field.M'Boundi 1 cut an apparent 125 m oil column in Lower Cretaceous Vandji sands, the primary objective, with n...

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