VOL. XLIV

No 44

29-October-2001

EGYPT

Ocean Energy Announces DiscoveryIn Gulf Of Suez

Houston-based independent OceanEnergy on 10 October announced a discovery in its East Zeit concession offshoreEgypt in the Gulf of Suez. The East Zeit A-21 wildcat well was drilled to atotal depth of 16,300ft and encountered approximately 745ft of oil pay, comingon line at an initial rate of 9,000 b/d. Initial production from the wellshould begin before the end of the month, Ocean said, adding that delineation...