VOL. XXXIV

NO. 51

23-SEPTEMBER-1991

Egypt

Modest Oil Discovery for Khalda Petroleum

Khalda Petroleum has made a modest 500 b/d oil discovery in the Khalda permitin Egypt's Western Desert and, according to company sources, its developmentwill not be expensive on account of its proximity to a number of producingfields in the same permit. Khalda Petroleum is owned 50% by the Egyptian GeneralPetroleum Corporation (EGPC), 25% by Repsol of Spain, 20% by Phoenix Resources(Texas International) and 5% by...