Independent oil and gas company IPR has announced the discovery of a significant gas condensate field in its Alamein Concession located in Egypt’s Western Desert
IPR, operator of the concession, said that it had pursued a new play concept for several years targeting the untapped Alam El-Bueib (AEB) formation in the Yidma-11X well.
The discovery well, located 130 km southwest of the city of Alexandria, encountered both gas and condensate at a depth of 3,657 metres.
The well tested 404,930 cubic metres of gas per day and 1,000 barrels of condensate per day of 53º API gravity with no water produced, the US explorer added.
This primary target of the AEB was discovered by IPR after subsurface imaging of high quality 3D seismic revealed bright spots in this region of the Alamein Ridge. While no gas has been found in this formation in this region until now, the discovery showed commercial quantities of very rich gas exist. IPR said that its technical experts were remapping what could prove to be a much larger structure of gas and condensate.
Mahmoud K. Dabbous, chairman of the IPR Group, said, “Finding high quality onshore gas in the Western Desert was very rewarding, especially knowing the country of Egypt’s critical need for energy — particularly for natural gas for power generation and gas condensates for domestic consumption — is a top priority at the present time.”
IPR now has plans to invest in 57 oil and gas wells in the North African country in 2014 as a part of its aggressive growth plan in the MENA region.
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