Kuwait Energy makes further Egypt oil discovery

03 May 2010

Kuwait Energy has announced its seventh oil discovery in the East Ras Qattara (ERQ) field in the Egyptian Western Desert. The Diaa-1 well encountered oil in February 2010 in the Upper and Lower Bahariya formations and in the Kharita formation at a depth of approximately 10,700-12,000 feet. The well produced up to 1,600 barrels of oil per day (bopd) in a short-term production test from the Kharita formation. The firm has a 49.5% working interest in ERQ, which was acquired in March 2008 through the acquisition of Oil Search's assets in Egypt and Yemen.

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