Khalda Petroleum Company achieved the South NUT-1 gas and condensate discovery in the Western Desert on May 11th. Electrical logs proved the presence of gas shows in the Shiffa sands of the Paleozoic formation with a net thickness of 253 feet. The estimated recoverable reserves expected to be added before drilling the well were approximately 12.5 million barrels of oil equivalent (62.7 billion cubic feet of gas and 1.15 million barrels of condensates). Pressure measurements are ongoing, and the well will be tested soon. A plan to extend a 23 km, 10-inch pipeline ($10 million investment) and drill further exploratory wells is underway to maximize natural gas production, with an expected production of 30 MMcf/d from this well.
Petrobel achieved a new discovery on May 8th by testing the
appraisal well West Feran-2 in the Gulf of Suez, which had a 27-meter
perforation in the Asal sands. The well recovered 2660 barrels of oil per day,
and the added reserves are currently under evaluation.
Additionally, GAPCO achieved a new discovery on May 1st by testing and evaluating the exploratory well GS327-A15, with a perforation of 38 feet in the Kareem sands. The recovered amount was 720 barrels of oil per day, and the added reserves from the well are currently being evaluated.