New Discoveries for Phillips and BG
Phillips Petroleum and British Gas (BG) have both made new descoveries inEgypt, according to Egyptian Oil Minister Abd El-Hady Kandil. The Phillipsdiscovery, comprising gas and condensates, was made in the South Umbarakaconcession area in Egypt's Western Desert, where the company has made twoprevious discoveries. The present discovery tested at a combined rate of 49mncu. ft./day of gas and 3,335 b/d of condensates from...