Two New Discoveries In Timsah And Qarun Permits
Two new discoveries have been made in the Timsah permit in Egypt's Mediterranean offshore north of the Nile Delta, and in the Qarun permit in the Western Desert. The discovery in the Timsah permit was made by the joint venture comprising the Agip subsidiary International Egyptian Oil Company (IEOC, operator, 50%) and Amoco of the US (50%). The discovery well Qarus No. 1, located about 28 kms....