Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

EGYPT

Centurion Increases Egyptian Reserves By 95%

Canadas Centurion Energy International on 13 September announced that it had increased by 95% its proved and probable reserves in Egypt. Centurions reserves (before deduction of royalties, production taxes or their equivalent) rose from 45.3mn boe on 31 December 2004 to 88.5mn boe on 30 June 2005. Reserves on 30 June include 414bcf of natural gas and 19.5mn barrels of oil and natural...