Conoco Makes First Substantial Gas Discovery in Gulf of Suez
According to Egyptian press reports, Conoco has made the first substantialgas discovery in the Gulf of Suez with its offshore Harida well, located about15 kms. northeast of Hurghada. The discovery well, which is still underevaluation, has reportedly tested at a rate in excess of 75mn cu. ft./day of gasand 2,000 b/d of condensates. The East Hurghada concession was granted toConoco, Placid Oil and...