Middle East Economic Survey


No 51-52



Circle Oil Announces Heavy Oil Find At NW Gemsa Concession, In Gulf Of Suez

Irish independent Circle Oil announced on 16 December an oil discovery at the North West Gemsa concession, in the Egypts onshore Gulf of Suez, and says the license partners intend to bring the discovery into production in the shortest time frame. The company said the partners had re-entered the Al-Amir-1X well, which discovered oil in a single pay zone in...