No 50



Gupco Starts Oil Production From Edfu Field At 10,000 B/D

Gupco has started oil production from its Edfu field in theGulf of Suez at 10,000 b/d and plans to raise production to 25,000 b/d when two more development wells are brought on-stream in the next six months. The field was discovered in November 2001 and has proven reserves of 25-30mn barrels. Gupco is a 50:50 joint venture between BP and the Egyptian General Petroleum Corporation (EGPC), and is the...