Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

EGYPT

North Shadwan Well Finds Oil, Development On Track, Says Beach Energy

Australias Beach Energy announced on 15 February that the NS377-5 well on the North Shadwan concession in the Gulf of Suez was drilled to a total depth of 2,909ms and intersected a gross oil column of 107ms in the Miocene sandstone Kareem Formation. The well was drilled as an extended reach deviated well from an onshore location, which will enable rapid...