Middle East Economic Survey


No 17



Premier Oil Announces Discovery At Egypts Al Amir-1 Well

Premier Oil of the UK on 13 April announced that oil had been discovered at the Al Amir-1 well in the onshore North West Gemsa Concession in the Gulf of Suez Basin, some 300km southeast of Cairo. The exploration well is the first drilled in the concession. Premier said operations on the well were continuing following testing of the South Gharib Formation at stable rates of 750...