GUPCO WILDCAT FLOWS OIL IN GULF OF SUEZ

A joint venture of Amoco Egypt Oil Co. and state owned Egyptian General Petroleum Corp. has tested more than 1 0,000 b/d of oil at a discovery in the Gulf of Suez off Egypt. Gulf of Suez Petroleum Co. (Gupco) GS 315-3 wildcat, drilled to 12,250 ft, flowed at rates of as much as 10,700 b/d from the Miocene Kareem. Site is about 200 miles southeast of Cairo. There is additional potential for oil production uphole in the Velayim formation, Amoco Egypt said. Pay lies in a previously untested

More in Home