Beach Petroleum provides an operational update on its drilling Egypt. In the Gulf of Suez’s North Shadwan Concession, The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2117 metres in the South Gharib Formation. The primary reservoir target is the Nubia Formation.
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The NS 377-3 oil field production well (Beach 20%) is in the final stages of a pre-operational rig audit. The rig is on location and the conductor pipe has been installed. The well is to be an extended reach well drilled from an onshore location to intersect the offshore Kareem Formation oil pool 150 metres north of the discovery well.