RWE Dea completed the drilling of a new exploratory well, NEA-4X in the North Amriya Exploration Block, located in the Nile Delta Basin.
The NEA-4X was drilled to a total depth of 10,000 feet, with an average cost of $29 million.
RWE has been holding E&P operations in Egypt since 1974 and has been producing oil as operator in the Gulf of Suez since 1983. Over the years, RWE has succeeded in the operatorship and/or partnership in exploration and production of gas and oil in sites located in the Nile Delta and onshore in the Western Desert region. Currently, RWE holds operations in 15 onshore and offshore concessions, which cover a total area of 15,500 sq km.