The North Baharia Petroleum Company (Norpetco) completed drilling activities for the company’s new ABRAR-4 developmental well in its concession in the Western Desert towards the end of February.
The well is part of the company’s drilling plan for the current fiscal year 2011-2012.
Drilling was conducted to a vertical depth of 6,770 feet, at a cost of $2.5 million. The oil-producing well was added to the company’s overall production in the month of February.
The company’s production of crude oil reached 562,415 barrels in the same month.
The North Baharia Petroleum Company is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Sahari Oil Company.