Middle East Economic Survey

VOL. XLVIII

No 28

11-July-2005

Egypt

First Oilfield Discovered In Nile Delta

The first oilfield in the Nile Delta area has been discovered 15km south of Mansoura, Egyptian Minister of Petroleum Sameh Fahmy announced on 2 July. The Tamad-1 has estimated reserves of 12-14mn barrels of extra light crude and 20-50bn cu ft of natural gas. Mr Fahmy said the field had so far been producing at a rate of 2,000 b/d of crude and 1.5mn cfd of gas. The minister also said that three...