No. 05



Gupco Makes Two Discoveries In Gulf Of Suez

Gupco - the 50:50 joint venture between the Egyptian General Petroleum Corporation(EGPC) and Amoco - made two oil and gas discoveries last December in the Gulf of Suez. Thefirst, an oil find, was made in the 760-sq. km. East Tanka concession in the northern partof the Gulf of Suez. The concession consists of two tracts lying north and south ofGupco's producing October field. The well, East Tanka-A2, located 22...