5 SEPTEMBER 1994
Gupco Discovers Oil Southeast Of October Field
Gupco (EGPC/Amoco) has made a new oil discovery in the central part of theGulf of Suez, the first since the start of the company's 3-D seismic program inthe area. The well, located about 3 kms. southeast of the offshore Octoberfield, tested at a rate of 5,620 b/d of 38ø API crude oil and 6mn cu. ft./dayof gas from a 300-ft. pay zone. Egyptian Oil Minister Hamdi al-Banbi hasrequested the parties concerned to...