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Kuwait Energy announces new oil finds in Egypt

Kuwait, June 7, 2011

Kuwait Energy Company said it struck two new oil discoveries in Shebl-1 and Shebl East-1 wells in Egypt's Western Desert, bringing the total to 11.

The initial tests showed a combined production capacity of 2,100 barrels per day (bpd), said the privately owned company on Tuesday.

'Eleven discoveries in Egypt over a three-year period is very pleasing, and I'm looking forward to the results of our other 2011 exploration wells in Abu Sennan and Area A,' said chief executive Sara Akbar in a statement.

Kuwait Energy has a 49.5 per cent working interest in East Ras Qattara, which it acquired in March 2008, while Chile-based Enap Sipetrol owns 50.5 per cent.-Reuters




Tags: Egypt | discovery | Desert | tests | Kuwait Energy Company |

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