Eng. Sayed Rezk, General Manager of the Chilean State-owned Enap Sipetrol – Egypt and General Manager & Managing Director of the JV Company “PetroShahd” announced a new successful discovery in exploratory well Shahd-4 in the East Ras Qattara Concession, Western Desert, where gas was discovered in Middle Jurassic – Wadi El Naturn Formation at depths of 13,500 ft with a daily gas flow rate 24.5 mscf on 1” choke and condensate rate of 2,340 b/d.

Eng. Rezk highlighted that Sipetrol is the first to achieve such a discovery in the Middle Jurassic – WEN Formation and to prove that this formation could have the ability to be an efficient hydrocarbon reservoir. Furthermore, this discovery is expected to change how companies operate in the Western Desert and, given the current energy crisis facing Egypt, will spur more firms to invest in the area.

Rezek added that such success and production increase is the result of the effective cooperation and constant coordination with both EGPC & Partners. It is worth mentioning that ERQ Concession in Western Desert was acquired by Sipetrol in 2004 with 50.5% participation interest with Kuwait Energy Egypt holding 49.5%.