Phoenix Group Makes New Oil Discovery In Qarun Permit
The Phoenix Resource Companies, along with its partners Apache Corporationand Global Natural Resources, announced on 13 February that they have made asecond discovery in the Qarun concession area west of the Nile in Egypt's Western Desert. The discovery well, El Sagha #2, testedoilbearing Bahariyasandstones of Cretatenous age through perforations from 8,868 to 8,890 ft.During testing of this zone on a...
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