The Chilean Sociedad Internacional Petrolera SA (Sipetrol) has completed the drilling of a new exploratory well in its Rommana exploration block located onshore the Sinai Peninsula as part of its 2011-2012 drilling plan. Sipetrol is the operator of the block with a 40% interest, while partners PTTEP and Centrica each hold 30%.
The new JASPER-1 wildcat was drilled to a depth of 6,151 feet utilizing the EMSCO-605 rig. Drilling expenditure in the well, which was abandoned as a dry hole, amounted to $4.155 million.
Sipetrol operates in Egypt though Petroshad Petroleum, a joint venture in which Sipetrol owns a 25.25% interest, Kuwait Energy with a 24.75% interest and the Egyptian General Petroleum Corporation (EGPC) holding the other 50%.