Middle East Economic Survey


No 19



Sipetrol Strikes Oil On Egypts East Ras Qattara Block

Chiles Sipetrol has made an oil discovery on the East Ras Qattara (ERQ) block on Egypts western desert, its partner Kuwait Energy Company (KEC) announced on 3 May. The Diaa-1 well flowed at a rate of 1,600b/d in a short term production test after encountering oil in the Upper and Lower Bahariya formations as well as in the Kharita formation at a depth of 10,700-12,000ft. Sipetrol...