More drilling updates from the Western Desert

Badr El-Din Ptroleum Company (Bapetco) and Khalda Petroleum Company (KPC) drilled recently two new wells in their concession areas in the Western desert.

Bapetco, the jointly owned company between the EGPC and Shell Egypt, drilled the WAESC-1 exploratory well to a 9250-feet depth through the EDC-01 rig.

The total cost of this drilling operation counted for $2.374 million.

KPC, a 50-50 JV held by the EGPC and Apache, drilled a development well, drilled the development well, SWAG-2, to a total depth of 13000 feet and at an estimated cost of $3.88 million.

Both drilling operations are part of the current 2011/2012 fiscal plan.


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