The North Baharia Petroleum Company (Norpetco) concluded drilling activities for two new developmental wells in e Western Desert development lease. The operations come in the context of the company’s drilling plan for the current fiscal year 2011-2012.
At a cost of $1.32 million, the oil-producing ABRAR-5 was drilled to a depth of 6,682 feet via the ECDC-2 rig.
The company also completed ABRAR-7, which is oil-producing as well. It was drilled to a depth of 6,800 feet using the ECDC-2 rig. Drilling investments have totaled .
505 million and the well is currently in the appraisal stage.
Norpecto’s production indicators during last April stood at 593,793 barrels of crude oil.
The North Baharia Petroleum Company is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Sahari Oil Company.