NO. 7



Gupco Chairman Comments on Recent Oil Discoveries

In an interview with the London-based Arabic daily Asharq Al-Awsat of 13November, the Chairman of Gupco (EGPC/Amoco), Eng. Muhammad Shawqi 'Abdin,commented on four new oil discoveries made by his company in recent months.These are as follows:

- Well No. 172-1 in the North October tract in the Gulf of Suez. The wellwas drilled in 194 ft. of water and was taken down to a depth of about 11,500ft. It tested at a...