Beach Energy Touts 3rd Egyptian Oil Discovery
Beach Energy Limited announced its third discovery at the Al Jahraa-1 exploration well in the Egyptian Abu Sennan concession. The Al Jahraa-1 well, located about 9 miles (15 kilometers) west of the Al Ahmadi-1 and ZZ-4 discoveries, was the third well drilled as part of a six well exploration program.
Al Jahraa-1 reached total depth in the Kharita Formation at 12,139 feet (3,700 meters), with initial testing flowing oil at a rate of 835 bpd from the Abu Roash "E" target zone. As this is an oil discovery with commercial flow rates, the operator, Kuwait Energy PLC, anticipates commercial production of the Al Jahraa-1 discovery as soon as all appropriate approvals are received from the regulatory authorities.
As previously announced, the El Salmiya-1 well, located approximately 6 miles (10 kilometers) east of the Al Ahmadi-1 and ZZ-4 discoveries, is currently running a testing program, with very encouraging initial results.
The final two wells of the six well program, Salwa-1 and Hawali-1, have recently spudded. These wells are further south in the concession and are expected to reach total depth over the coming weeks.
The Joint Venture equity interests in Abu Sennan are:
- Beach (via wholly owned subsidiary Beach Petroleum (Egypt) Limited) - 22%
- Kuwait Energy PLC - 50% and Operator
- Dover Investments Limited - 28%
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