Egypt gas well beats expectations

The Ibn Yunus-1X well in Egypt, which struck 31 metres of gas pay last month, has “exceeded initial expectations,” operator SDX Energy announced on Friday.

The well, located in the South Disouq onshore licence, tested at 1.11 mcm (39.3 mcf) per day on a 32/64-inch choke, the company reported in a statement.

“The flow test from Ibn Yunus-1X is a very positive outcome which has exceeded our expectations and is a strong endorsement of the significant potential of the licence,” said CEO Paul Welch. “We remain optimistic about further positive news flow as we move towards delivering first gas from the licence before the end of 2018.”

Recent Posts

Petronas makes discovery off Suriname

Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More

14 hours ago

Japan’s JERA slates $32 billion for LNG, renewables, new fuels

Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More

14 hours ago

Chevron planning UK North Sea exit

Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More

16 hours ago

Seatrium wins yet more FPSO work in Guyana

Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More

23 hours ago

Diamond Offshore seals $350-million Gulf of Mexico deal

Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More

1 day ago

ExxonMobil makes deepwater discovery off Angola

ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More

2 days ago

This website uses cookies.