Middle East Economic Survey
IPR And Sojitz Announce Western Desert Oil Discovery
Texas-based Improved Petroleum Recovery (IPR) and its partner Sojitz Oil and Gas have announced a new oil discovery in Egypts Western Desert, identifying an oil bearing structure on the onshore Yidma-Alamein license. The Alexander-1 well was drilled to a depth of 4,206ms to target the Alam el-Bueib formation, and flowed 23.5API oil at a rate of 1,100 b/d on test. The companies said...