Middle East Economic Survey


No 24



First Calgary Announces Oil And Gas Discovery On Rhourde Yacoub 406a Block

Canadas First Calgary Petroleums (FCP) announced on 2 June an oil and gas discovery on its ZHW-1 well, drilled 9.6km southwest of the ZCH-1 discovery on the Rhourde Yacoub block 406a. FCP President and CEO Richard Anderson said the new discovery and 3D seismic data confirm the southeast extension of a structural trend mapped over more than 125 sq km and...