The company is expected to drill another well in West Ashrafy by the end of the year, the source added. The two wells are jointly expected to produce about 5,000 b/d of crude oil and 17 million cubic feet a day of natural gas.
IEOC, a joint venture with state-owned Egyptian General Petroleum Corp., refused to comment.
IEOC, the largest hydrocarbons producer in Egypt, is a partner of BP in the Damietta LNG Plant. It also holds a 50% stake in the Ras El Barr concession, also with BP.
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