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.
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.
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