VOL. XXXIX

No. 19

5-February-1996

EGYPT

Phoenix Group Completes Successful Qarun Development Well

The Phoenix group has announced the successful completion of the Qarun A-7X development well. The group comprises Phoenix Resource Companies, operator with a 50% interest, and Apache Corporation and Global Natural Resources, each with a 25% interest. A press release issued on 25 January by Global said that the Qarun A-7X, the fifth successful well drilled in the Qarun A field, encountered...