VOL. XXXVIII

NO. 40

3-JULY-1995

Egypt

IEOC/Amoco Make Third Gas Discovery In Offshore Baltim Permit

The ENI/Agip subsidiary International Egyptian Oil Company (IEOC) and Amocohave made a third gas discovery in the offshore Baltim permit north of Egypt'sNile Delta. Egyptian Oil Minister Hamdi al-Banbi said on 26 June that thediscovery well, South Baltim Marine No. 1, which was taken down to a depth of3,760 ms. (12,337 ft.), encountered a 15-m. (49-ft.) pay zone at a depth of3,435 ms. (11,270 ft.)....