Middle East Economic Survey

VOL. LII

No 17

27-Apr-2009

EGYPT

KEC Makes Its First Oil Discoveries In Egypt

Kuwait Energy Company (KEC), an independent Kuwaiti oil and gas firm, announced on 20 April new oil discoveries in the producing East Ras Qattara (ERQ) concession in Egypts Western Desert. The discovery wells flowed a combined 5,285 b/d of oil on test, and preliminary estimates put potential reserves at 3.5mn barrels. The finds were made in Rana and Shahed fields, located respectively 70km and...