New Oil Find For IEOC In Belayim Marine Field
The Agip subsidiary International Egyptian Oil Company (IEOC) hasmade a new oil find in the Belayim Marine field in the Gulf of Suez, according to an Agipannouncement in Rome on 10 April. The well, Belayim Marine 57, tested at a rate of 4,650b/d of crude oil. The Agip announcement said that the deeper oil-bearing structures of thefind had a production potential of more than 13,000 b/d. It also said that the...