Petrobel Makes Another Discovery Near Port Fuad Offshore Gas Field
Belayim Petroleum (Petrobel) - the 50/50 joint venture between the Egyptian General Petroleum Corporation (EGPC) and the Agip subsidiary International Egyptian Oil Company (IEOC) - has made another gas discovery in the North Port Said offshore permit in the Mediterranean. The discovery well, Barracuda-1, located 15 kms. north of the Port Fuad gas field and 55 kms. north of Port Said...