Edison drills new exploratory well

Italy’s Edison drilled the new exploratory well, WWER-3, in the West Wadi El-Rayan concession, in the area of the Western Desert.

The well was drilled to a total depth of 5419 feet, through the EDC-67 rig.

The drilling expenditure of this crude oil producing well cost $4.119 million.

Edison operates the West Wadi El Rayan license, (with a 60% working interest, which is currently under long-term production test.

The Italian company holds also a 100% operated participating interest in the Abu Qir concession in the Nile Delta Offshore and a 20% participating interest in the Rosetta offshore production license.

Total production from Abu Qir currently exceeds 33 Kboed; Rosetta gas production exceeds 400 MMscf/d and is entirely dedicated to the domestic market. Edison also operates in the offshore Nile Delta the exploration license of Sidi Abd El Rahaman (40% working interest).


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