Kuwait Energy Company announced an oil discovery in the Area A concession, which is located in Egypt’s Eastern Desert, as the South Kheir-1X (SK-1X) stabilized at an oil rate of 1,900 barrels per day (b/d) on 64/64-inch choke size on February 6th, Egypt Oil & Gas reports.
The well has been spud on December 11th 2017, and was tested on January 28th, at an initial flow rate of oil of 2,452 b/d from the Hamman Faraun MBR/Belayim formation at 128/64-inch choke size.
“I am pleased to announce this oil discovery, which is a direct result of our technical team reprocessing old 2D/3D seismic and identifying drill-able exploration opportunities,” Kuwait Energy CEO, Abby Badwi, said.
The Area A concession has been producing since the 1960s and this discovery demonstrates Kuwait Energy’s ability to continue finding hydrocarbons in mature fields.
“Kuwait Energy is proud of its track record of around 50% exploration success rate in Egypt. Those achievements could not have been possible without the ongoing support of the Egyptian General Petroleum Corporation (EGPC), the General Petroleum Company (GPC), and our non-operator partner Petrogas,” Badwi added.