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GUPCO WILDCAT FLOWS OIL IN GULF OF SUEZ

May 27, 1991

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

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 geologic structure adjacent to Badri oil field.

Gupco drilled the strike from its Badri C platform. Badri, a 1981 . discovery, produces about 33,000 b/d from 22 wells.

Dave Work, president of Amoco Egypt, said options for additional drilling and development of the GS 315-3 field are being considered. In the meantime, the discovery well will be produced from Badri field facilities.

GS 315-3 is the second 10,000+ b/d well reported in the Gulf of Suez in recent weeks.

British Gas plc and partners Union Pacific Petroleum Suez Ltd. and Yukong Ltd. earlier tested 10,100 b/d at a confirmation to their 1 Warda discovery on the North Zaafarana concession (OGJ, May 6, p. 28).