IEOC/Amoco Make Substantial Gas Discovery In Timsah Permit
The joint venture comprising the ENI/Agip subsidiary International Egyptian Oil Company (IEOC, 50%, operator) and Amoco of the US (50%) has made a substantial new gas discovery in the Timsah permit in Egypt's Mediterranean off- shore. The discovery well - Timsah Northwest No. 1, located about 70 kms. northwest of Port Said - tested at a rate of 1.2mn cu. ms./d (42.378mn cu. ft./d) of gas and...