Egypt

Edison SPA said the western part of the Sidi Abd El Rahman block (Block 8) in the Mediterranean off western Egypt still has oil and gas potential after it abandoned the Saer Offshore-1X wildcat as noncommercial. TD is 4,059 m.

By OGJ editors
LONDON, July 15
-- Edison SPA said the western part of the Sidi Abd El Rahman block (Block 8) in the Mediterranean off western Egypt still has oil and gas potential after it abandoned the Saer Offshore-1X wildcat as noncommercial. TD is 4,059 m.

Edison, a subsidiary of PTT Exploration & Production Public Co. Ltd. of Thailand, and Chile’s state Sipetrol have shot 3D seismic and identified more prospects in the western part of the block.

Edison holds a 40% participation interest in Block 8 with PTTEP and Sipetrol each holding 30% interest. The companies won the 4,294 sq km block in a 2006 Egyptian licensing round.

More in Area Drilling