IEOC-Marathon Make New Discovery In Suez Gulf
The Agip subsidiary International Egyptian Oil Company (IEOC) and Marathon Petroleum have found a new oilfield in their offshore Ashrafi concession in the southern part of the Gulf of Suez. The discovery well, Ashrafi SW-1X, located about 1.6 kms. southwest of the Ashrafi field in 29 ft. of water, tested a separate fault block. It encountered hydrocarbons in the Cretaceous Nubia sandstone and the...