Italian petroleum operator Edison has completed the drilling of two exploratory wells located in the company’s concession in the Western Desert, which comes in the context of its 2011-2012 exploration plan.
The new RAYAN-2X is an oil-producing well. It was drilled using the EDC-67 rig to the depth of 3,700 feet, attracting $610,000 in drilling investments.
The WWER-E-1X well attracted investments of $3.766 million. It was drilled to a depth of 9,374 feet via the EDC-67 rig. The well is currently undergoing appraisal.
Edison’s operations in Egypt include oil and gas extraction, in addition to distribution of natural gas. The company is currently working on a gas distribution project in Upper Egypt, as well as the Sidi Kreir power generation project.
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%.