Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

EGYPT

Canadas Rally Energy Puts Issaran Oilfield Output At 2,624 B/D During 2Q

Canadas Rally Energy on 3 August reported that crude production in its Issaran oilfield in the Eastern Desert near the Gulf of Suez averaged 2,624 b/d during the second quarter of 2005. The company last year invested $12mn in the heavy oil field, which has an estimated 500mn barrels of oil-in-place and proved reserves of 3.9mn barrels. Rally drilled 14 wells...