Kuwait Energy makes discovery in Egypt

25 August 2011

Two wells strike hydrocarbon reserves in Abu Sennan concession

Kuwait Energy has struck hydrocarbon reserves at two wells in the Abu Sennan concession in Egypt’s Western Desert, and is now evaluating the scope of the finds.

Drilling at its GPZZ-4 found hydrocarbons in the lower and upper Bahariya formations, and the Abu Roash “G” Member.

Additional hydrocarbon reserves were discovered at the Al-Ahmadi 1 well within the Kharita formation, the lower Bahariya formation, the Abu Roash “G” Member and the Abu Roash “E” Member.

The private oil and gas exploration and production company holds a 50 per cent stake in Abu Sennan concession.

“Production testing on both wells is still ongoing to assess the volumes and commerciality of the hydrocarbon shows,” said Sara Akbar, chief executive officer, Kuwait Energy.

The company did not disclose the whether the drilling struck oil or gas reserves. The finding brings the number of Kuwait Energy discoveries in Egypt to 13.

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