Phillips Makes New Discovery at South Umbaraka
Phillips Petroleum has made a new discovery in the South Umbaraka concessionarea in Egypt's Western Desert, which tested at a combined rate of 3,335 b/d ofvery light crude oil and 49mn cu. ft./day of gas from two formations. Thecompany had made two earlier discoveries in the same concession area in 1989 and1990: the first tested at a combined rate of 2,760 b/d of 39 API crude and27.3mn cu. ft./day of gas from...