Middle East Economic Survey


No 4



Melrose Announces $91mn Egypt Exploration Program In 2008

Melrose plans to drill 14 exploration wells in Egypt in 2008, on its El-Mansoura and South East El-Mansoura concessions, at a cost of $62mn. The wells will test two Abu Madi, six Qawasim, one Tineh and five Sidi Salim prospects, with an estimated combined unrisked reserves potential of 1.2 trillion cubic feet (TCF) of gas and 22mn barrels of condensate, and a 34% chance of...