Khalda Petroleum Company completed the drilling of a new exploratory well, Merald-4 and another development well TUT-91 in the Western Desert.

The implementation of this drilling activity is part of the company’s plan for the fiscal year of 2010/2011.

The exploratory well was drilled to a total depth of 12616 feet, through the EDC-11.

Khalda, the joint-venture between the Egyptian General Petroleum Corporation (EGPC) and Apache Corp. invested $1.297 million in this drilling project.

As for the second well, the drilling investment exceeded $820 thousand. The TUT-91 was drilled to a total depth of 9315 feet, through the EDC-61 rig.