Cairo. Independent explorer Kuwait Energy Company (KEC) discovered a new oil well in the northern area of Burg El-Arab (BEA) field in the Egyptian western desert, one of its producing assets in Egypt’s Western Desert.
The newly discovered well BEA N-1X is located in a separate fault block in the northern part of the field. The well was production tested on December 22, 2009 and produced at an initial rate of 280 barrels of 33 API oil per day with no water.
KEC believes that there is excellent exploration potential within the Burg El-Arab block, both in the current producing horizons as well as in the deeper Jurassic formation.
KEC made this discovery only two months after taking over operatorship. The operatorship of BEA was transferred from Gharib Oil Fields to KEC on August 4, 2009 as part of the agreement whereby KEC acquired a further 25% working interest from Gharib Oil Fields, increasing KEC’s total working interest in the BEA field to 75%.
KEC Deputy Chairman and CEO, Sara Akbar, said: “The new discovery is another milestone for KEC’s exploration efforts in Egypt.
“Our aggressive exploration and production plans go hand-in-hand with our continuous and intensive focus on health, safety and environmental issues,” she added citing a year of incident-free operations in Egypt.
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