No. 43



Amoco/IEOC Make Third Gas Discovery In Ras Al-Barr Permit

Amoco and the ENI/Agip subsidiary International Egyptian Oil Company (IEOC) have made a third gas discovery in the 2,800-sq. km. Ras al-Barr concession in Egypt's Nile Delta offshore. Amoco is the operator of the 50/50 joint venture with IEOC. The discovery well, Akhen-1, located 45 kms. north of Damietta, is located in 87 ms. (285 ft.) of water. It was taken to a depth of about 4,400 ms....