Neptune Energy has started drilling operations at its Yakoot exploration well in the North West El Amal concession in the southern Gulf of Suez, Egypt. It is the first operated well to be drilled by Neptune in Egypt.
Neptune Energy has started drilling operations at its Yakoot exploration well in the North West El Amal concession in the southern Gulf of Suez, Egypt. It is the first operated well to be drilled by Neptune in Egypt.
The operation is being carried out with the ADES-operated ADM-8 rig and has a final target depth of about 3,600 m.
Neptune was awarded the exploration license for the North West El Amal concession in February 2019, and acquired advanced 3D seismic data in 2020. Phase one includes the drilling of one exploration well, with two further wells planned in phase two.
The offshore concession covers 365 sq km about 42 km southeast of Ras Gharib and 105 km northwest of Hurghada.
Neptune Energy holds the license with 100% operated interest.
