NORPETCO completed drilling Ferdaus 12

North Bahariya Petroleum Company (NORPETCO) finalized the drilling operation of “Ferdaus 12″ well in the middle and bottom layers of  Abu Roash sands, located in the company’s acquisition area in Western Desert.

The well is considered a development one which is a step in the company’s schedule to increase its production level of crude oil that expected to reach 2270 barrels per day.

Egypt Oil & Gas learnt that the total amount of investment of the well is $6 million, as it was stated in the past fiscal year of 2009 – 2010.

NORPETCO is also seeking to conduct maintenance operations for ten of its wells in order to enhance their production by using the hydraulic hammering. The production of the initial well reached 800 barrels of oil per day in last May.

It is worth mentioning that the company’s current proved reserves reached 11.469 million barrels of oil, compared to 9.404 million barrels of oil in the previous fiscal year of 2009 – 2010. The rise in the reserves rate was as a result of adding 1.603  million barrels of oil after the re-entering of the “West Qarun 1-4/ 56”  well, specially that the total company’s production counted last June4,832  barrels of oil.


Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password