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Kuwait Energy strikes oil at Abu Sennan in Egypt

07th April 2015

Kuwait Energy and the Egyptian General Petroleum Corporation (EGPC) have announced that the exploration well ASH-1ST on the Abu Sennan concession, located in the Western Desert onshore Egypt discovered hydrocarbons in the Alam El Bueib (Early Cretaceous) Formation

Kuwait Energy and the Egyptian General Petroleum Corporation (EGPC) have announced that the exploration well ASH-1ST on the Abu Sennan concession, located in the Western Desert onshore Egypt discovered hydrocarbons in the Alam El Bueib (Early Cretaceous) FormationKuwait Energy and the Egyptian General Petroleum Corporation (EGPC) have announced that the exploration well ASH-1ST on the Abu Sennan concession, located in the Western Desert onshore Egypt discovered hydrocarbons in the Alam El Bueib (Early Creta
Tests of the Alam El Bueib formation achieved flow rates of 3,900 BBLS/D of condensate with 46 API and 3.1 MMSCF/D of gas on choke 64/64”.

Kuwait Energy holds a 50 per cent revenue interest and is the operator in the Abu Sennan development lease, while Dover holds 28 per cent and Beach holds 22 per cent.

Tests of the Alam El Bueib formation achieved flow rates of 3,900 BBLS/D of condensate with 46 API and 3.1 MMSCF/D of gas on choke 64/64”.

This is the first discovery from the deep horizons at the Abu Sennan area with a good flow rate.

“I am delighted to announce this important discovery at the Abu Sennan block which will add big value to the asset and even the neighbour assets,” said Sara Akbar, CEO of Kuwait Energy. “This discovery adds a new producing horizon to the stream and opens a window for deeper exploration targets.”

The Abu Sennan concession has 12 producing wells; producing from different formations.

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