Edison Drills Exploratory Well in Western Desert

Italian operator Edison completed the drilling of a new exploratory well in the fields of its Western Desert concession.

Investments in the new well, which was drilled at 6000 feet using the EDC-67 rig, have reached $3.75 million. The company is aiming to raise crude oil production during the current fiscal year 2011/2012.

Edison operates in Egypt via Abu Qir Petroleum, a joint venture with the EGPC.




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