Bapetco to Spud New Wells in the Western Desert

Badr Petroleum Company (Bapetco) has announced plans to drill two new wells, which are pat of the company’s declared development plan for the fiscal year of 2011/2012.

The first well, OBAJS-1X, is an exploratory oil-producing well. It is situated in Alam El-Shawish West Block in the Western Desert. The well, currently under evaluation, will be drilled using the EDC-55 rig to a vertical depth of 6480 feet, with drilling investments totaling $2 million.

The second well is located within the same concession area. NEAG JG-17 is a developmental crude-producing well. The cost of its drilling has averaged $3.5 million. It was operated using the EDC-51 rig reaching a depth of 11319 feet.

The company’s target for the fiscal year 2011/2012 is to drill 44 wells, which is 10 wells more than last year’s target. Badr Petroleum is a joint venture company between the EGPC and Royal Dutch Shell.


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