Energean through its Joint Venture Abuqir Petroleum Company (50% EGPC; 50% Energean) has successfully finalized the drilling and completion activities of a new side-track gas well, NA/Q-PII#6 ST, in the Abu Qir Concession, the company said on a statement.

The new well targeted the BKES and IKES Pliocene reservoirs and has significantly exceeded the initial geological and production expectations, as an additional layer in the BKES formation was encountered.

The company added that the well was turned on stream at a production rate of 26 MMscfd from the existing NA/Q-PII platform, located 35 Km north from the coast of Abu Qir bay.
“Our Egyptian assets are a valuable constituent of our East Mediterranean gas-focused portfolio. Energean has been active in Egypt for many years, we are honored to work in partnership with our Egyptian colleagues. We look forward to continuing to create value through our ongoing operations in both the NEA-NI and AbuQir Concessions,” Energean said.