NO. 12/13

26 DEC 1988/2 JAN1989


Gupco Discovers Oil North of October Field

Gupco (EGPC/Amoco) has made what looks like a promising offshore oildiscovery 5 kms. north of its October field in the Gulf of Suez, according tothe Cairo daily al-Ahram of 17 December. The discovery well, which encounteredoil at a depth of about 11,000 ft., reportedly flowed at a rate of some 8,000b/d of good quality crude. The company plans to evaluate the discovery and todraw up a drilling and...