NO. 5



Gupco Discovers Oil at Abu Zenima

Gupco (EGPC/Amoco) has made a new offshore oil discovery in the Abu Zenimaarea on the eastern side of the Gulf of Suez. The well, Abu Zenima No. 13, whichwas drilled in September and October to a depth of about 13,000 ft., tested at acombined rate of 9,500 b/d of oil from two formations: 3,700 b/d from theMatulla formation at a depth 12,000 ft. and 5,800 b/d from the Sudr formation ata depth of 11,500 ft. There is also the...