Dual gas strike for IEOC offshore Egypt

International Egyptian Oil Co reportedly has drilled two shallow gas discoveries on the offshore North El Burg concession Egypt’s Nile Delta.

Offshore staff

CAIRO – International Egyptian Oil Co reportedly has drilled two shallow gas discoveries on the offshore North El Burg concession on Egypt’s Nile Delta.

The Taurt North and Seth South discoveries were drilled by the Scarabeo IV in 110 m (361 ft) and 78 m (256 ft) of water. Wireline logs, fluid samples, and pressure data confirmed gas in one Pleistocene interval in Taurt North and two Plio-Pleistocene intervals in Seth South.

IEOC and concession operator BP are considering connecting both wells to nearby production facilities.

Previous finds on the acreage were the Satis-1 and Satis-3 Oligocene deep and Salmon-1 shallow Pleistocene discoveries.

Including the Nile Delta and Gulf of Suez,BP and its partners produce nearly 40% of Egypt’s gas demand.

Other reports suggest that BP will start deepwater drilling offshore Libya next year, after suspending its operations during the country’s recent political turmoil.

9/7/2012

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