Naftogaz conduced a drilling operation at the company’s Alam El-Shawish concession, in the Abu Gharadiq basin, east the Western Desert.

The company drilled a new development well HG-34/3, through the Sino-Tharwa rig ST-11, with total investments of $5 million. The production rate of the well stands at 3000 barrels of oil per day (bopd).

This drilling activity is part of the company’s plan for the fiscal year of 2011/2012.