Edison makes gas discovery off Egypt

Abuqir Petroleum Co. has tested 1.85 million cu m/day of gas and 850 b/d of condensate in a discovery well on its Abu Qir concession off Alexandria, Egypt.

Apr 3rd, 2009

Uchenna Izundu
OGJ International Editor

LONDON, Apr. 3 -- Abuqir Petroleum Co., a 50-50 joint venture of Egyptian General Petroleum Corp. and Edison SPA, has tested 1.85 million cu m/day of gas and 850 b/d of condensate in a discovery well on its Abu Qir concession off Alexandria, Egypt.

The NAQ PII-2 well, in the northern part of the concession, reached 3,750 m. Abu Qir fields produce 1.5 billion cu m/year of natural gas and 1.5 million bbl/year of liquids through four platforms. The concession's remaining reserves are estimated at 70 billion cu m of natural gas equivalent.

The company plans to build a platform to accelerate development on the northern part of acreage.

Edison became operator of the Abu Qir block when it formed the partnership and signed a production sharing agreement with EGPC in January.

Contact Uchenna Izundu at uchennai@pennwell.com.

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