Another Offshore Gas Find For IEOC

The ENI/Agip subsidiary International Egyptian Oil Company (IEOC) has madeanother gas discovery in the North Port Said offshore permit in theMediterranean. The well is located in 46 ms. of water at a distance of 8 kms.northwest of the earlier Port Fuad-3 discovery and 52 kms. north of Port Saidtown. The new discovery tested at a combined rate of 47mn cu. ft. daily (cft) ofgas and 5,530 b/d of condensate from two pay zones:...