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Norsk Hydro Group Makes Modest Oil/Gas Discovery in Ras KanayesPermit

The group comprising Norway's Norsk Hydro, Kuwait's Kufpec and Canada'sCanterbury Resources has made a modest oil and gas discovery in the 612-sq. km.Ras Kanayes permit in Egypt's Western Desert, which was awarded to the group inDecember 1989. On initial tests, the discovery well yielded 500 b/d of 38 APIcrude and 2mn cu. ft./day of gas from a 65-ft. pay zone in the Jurrasic at adepth of...