VOL. XL

No. 21

26-May-1997

EGYPT

IEOC-Marathon Make New Oil Discovery In SuezGulf

The Agip subsidiary International Egyptian Oil Company (IEOC) has made a new oildiscovery in the offshore Ashrafi concession in the southern Gulf of Suez, according to anannouncement by the Egyptian Oil Ministry in Cairo on 22 May. The discovery well, Ashrafi SW-2,which was drilled to a depth of 6,168 ft., tested at a rate of 3,490 b/d of 30ー API crude oil and1.8mn cu. ft./d of gas from a 735-ft. pay zone. It is...