Middle East Economic Survey


No 38



Drilling Activity Revs Up In The Gulf Of Suez

Drilling activity has picked up in the Gulf of Suez, with BP spudding one exploration well and one development well at its offshore North Shadwan concession last week. Australias Beach Petroleum, which is BPs minority partner in North Shadwan with a 20% interest, said the offshore NS 394-3 exploration well was begun on 14 September and is targeting the Nubia sandstone, while the NS 377-3...