Kuwait Energy makes new oil discovery in Egypt | Arab News — Saudi Arabia News, Middle East News, Opinion, Economy and more.:
"Kuwait Energy, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announces an oil discovery at its El Salmiya-2 well, located in its Abu Sennan concession in the Western Desert, Egypt.
Kuwait Energy is the operator of the Abu Sennan concession and holds a 50 percent working interest. The remaining working interest is held by Beach Petroleum (Egypt) Pty Ltd., which holds a 22 percent working interest, and Dover Investments Ltd. with a 28 percent working interest with their main partner the Egyptian General Petroleum Corporation (EGPC).
The El Salmiya-2 well encountered oil in Kharita Formation and initial tests showed a production flow rate of 3,530 barrels of oil per day (bopd). This is the sixth exploration success in the Abu Sennan concession and the 21st discovery in Egypt for Kuwait Energy since 2008."
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