ASH-1ST is located on the Abu Sennan concession, in the onshore Western Desert. The hydrocarbons are stored in the Alam El Bueib (Early Cretaceous) Formation.
The volume of liquid hydrocarbon is significant for Egypt, which is largely a gas prone terrain.
The condensate is of 460 API and the test figures were taken on 64/64” choke.
Kuwait Energy holds a 50% revenue interest and is the operator in the Abu Sennan development lease, while Dover holds 28% and Beach holds 22%. The company reports that the main partner on the lease is the Egyptian General Petroleum Corporation (EGPC).
“This is a very important discovery as this is the first production from the deep horizons at the Abu Sennan area with good rate”, the company said in the press release. It did not disclose what exact depth the discovery pools are in. “This discovery adds a new producing horizon to the stream and opens a window for deeper exploration targets”, says Sara Akbar, CEO of Kuwait Energy.
30 Ноября 2024 | суббота | 06:52
