Egypt Oil & Gas newspaper (EOG) learned that Qarun Petroleum Company (QPC) is in the process of drilling three new wells by the end of this year, in the two fields "Gharibon” and “ Sohba" located in its acquisition area in the Eastern Desert. The total estimated investment of three wells expected to reach $13 million, after conducting the needed 3D seismic survey.
"We are increasing our exploration plan in the Eastern Desert, especially in Abu Rawas where crude oil was found heavily," Eng. Abdul Khaliq Migawer, Qarun Vice-President for Exploration, told EOG in exclusive statements.
"This year we drilled three development wells in the area of El Diyur, compared to last year where we only drilled two wells with investments reached $5 million," Migawer added.
"Through the current year we drilled 28 development wells in Karama and East Bahariya areas, in addition to three exploratory wells in Beni Suef area. The sum of investments in these areas computed by $70 million, measured up to investments from last year, which was pressured by the global crisis, that led to only drill two developing wells in Beni Suef with investments of $6 million."