VOL. XLI

No. 20

18-May-1998

EGYPT

Egypt Registers Ten Oil And Gas Discoveries In 1Q 98

Egypt made 10 oil and gas discoveries in the first quarter of 1998, which tested at acombined rate of 26,465 b/d of crude oil and condensate and 102mn cubic feet daily (cfd)of gas. Egyptian Minister Hamadi al-Banbi reported details of the finds to the Egyptiancabinet on 2 May. These are as follows:

  • North October 159-5 in Gupco's (EGPC-Amoco) North October concession in the Gulf of Suez encountered four pay...