Regal Spuds Third Exploration Well in Egypt
Regal Petroleum announced that Apache East Ras Budran Corp. LDC, as operator of the East Ras Budran Concession in Egypt, has spudded the ERB-B-2X well, which is the third exploration well on the Concession.
The ERB-B-2X well, which is planned to take approximately 35 days to drill, is primarily targeting the Cambrian Naqus-Araba sandstone formation and is expected to be drilled to a total depth of approximately 4,800 feet.
Regal holds a 25% working interest in the Concession which covers an area of 521 square kilometers onshore in the Gulf of Suez.
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