814 Oil Struck
CAIRO, Egypt: Circle Oil and Premier Oil said Friday that they have struck oil in their onshore North West Gemsa Concession in Egypt.
Initial, sustained production was over 3,000 barrels per day of crude and 4 million standard cubic feet per day of natural gas, the United Kingdom-based oil and gas producers said. The concession lies southeast of Cairo in the Gulf of Suez Basin.
“This discovery is excellent news,” Circle Chief Executive Officer David Hough said in a statement. He noted that it comes on the heels of the company’s gas production start-up in Morocco. [Full Story]
No Comments yet »
RSS feed for comments on this post. TrackBack URI
Leave a comment
You must be logged in to post a comment.
41 queries. 1.417 seconds. CMS: WordPress. Design: modified Hiperminimalist Theme.
RSS for posts and comments.
Valid XHTML and CSS.