Further Western Desert Exploration by Edison

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%.

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