EGYPT

Kuwait Energy Announces Gulf Of Suez Oil Find

Independent firm Kuwait Energy on 22 January announced that it had discovered oil at the Ahmad-1X well, located in the Area A concession in the Gulf of Suez. Kuwait Energy said that since its entry into Egypt in 2008, it has made 14 oil, gas and condensate discoveries, three of which have been in Area A. The Kuwait-based firm said the Ahmad-1X well was drilled to a depth of 2,110ms and that the initial test recorded a flow rate of 890 b/d...