Edison Spuds New Western Desert Well

Italian petroleum operator Edison has completed the drilling of a developmental well located in the West Wadi El-Rayan concession in the Western Desert, which comes in the context of its 2011-2012 drilling plan.

The new WWER-6 is an oil-producing well. It was drilled using the EDC-67 rig to the depth of 5,465 feet, attracting $2.363 million in drilling investments.

Edison is the operator of the West Wadi El-Rayan Blocks with a 60% interest, and operates in Egypt through Abu Qir Petroleum, a jointly owned company in conjunction with Egyptian General Petroleum Corporation (EGPC), each owning 50%.

Abu Qir’s production rates during the month of February 2012 stood at 167,643 barrels of crude oil and 1,358,440 cubic feet of natural gas.

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