EGYPT

Texaco-Elf Make Oil Discovery in East Gharib Concession 

Texaco and Elf Aquitaine have made an oil discovery in the offshore East Gharib production-sharing concession in the Gulf of Suez with their well No. EG-J-1 which tested at a combined rate of 5,520 b/d of 37.9° API crude from several levels through a 48/64-inch choke. The well, located in 178 ft. of water, was drilled to a depth of 12,300 ft. The East Gharib concession is held on a 50-50 basis by Texaco (operator) and...