Kuwait Energy has made an oil well discovery in the Western Desert in Egypt.
The new well is named Al Jahraa-1X and is located in the Abu Sennan exploration concession where Kuwait Energy is the operator and holds a 50 per cent working interest.
The Al Jahraa-1X well was drilled at 12,210 feet depth and showed commercial flow rates of 835 barrel of oil equivalent per day (boepd) in the initial testing for production. Commercial production will kick-off once Kuwait Energy receives customary regulatory approvals from the Egyptian government on newly discovered wells.
The discovery is Kuwait Energy’s 15 discovery in Egypt and its third oil discovery in the Abu Sennan concession. The remaining working interest in the concession is held respectively by Dover Investments Limited with a 28 per cent working interest and Beach Petroleum (Egypt) Pty Ltd with a 22 per cent working interest.
Kuwait Energy plc Deputy Chairman and Chief Executive Officer, Sara Akbar, said: “The Abu Sennan concession is highly prospective, and we look forward to continue optimising its potential through our planned exploration and development activities over the year.”
Kuwait Energy is the operator of three blocks in Egypt namely the Area A, Burg El Arab development lease and Abu Sennan concession, and has working interest share in two other blocks: Mesaha concession and the Petroshahed development lease in East Ras Qattara.
