Sipetrol Makes 8th Oil Discovery in North Bahariva

BNamericas
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The international Sipetrol subsidiary of Chile's state oil company Enap has made its eighth oil discovery in the North Bahariva concession in Egypt's western desert, the company said in a statement.

One zone of interest was tested with an initial production of 500 barrels of crude a day (b/d) with API grade 40, but production was later increased to 570b/d, the statement said.

Sipetrol operates the North Bahariva concession with a 50% stake. Oil production began in September 2004.

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