The North Bahariya Petroleum Company (Norpetco ) drilled a new exploratory well in the North Bahariya Concession, onshore Abu Gharadiq Basin as part of the company’s drilling plan for the fiscal year of 2011/2012.
The Abrar-3 well was drilled to a total depth of 6785 feet, through the PDI-104 rig.the cost of this crude oil producing well averaged $1.74 million.
Norpetco was awarded the 165 sq km development lease on 27 October 2004, over the Abrar 1 (Bahariya North 1), Ganna 1, Ferdaus 1 and Rawda 1 discoveries made in the former North Bahariya exploration block.
The Abrar-3 well was put on production line, which serves the company’s target of increasing its production rate.
Norpetco, the joint venture between the EGPC and Sahara Oil, achieved a monthly production rate of 397733 barrels of oil during last September.