Suez Oil Company (SUCO) drilled a new development well, RF-B13 in the Ras Fanar fields, offshore Gulf of Suez Basin.

The well was drilled to a total depth of 5110 feet. The investments of this drilling operation counted for approximately $6 million.

SUCO is the joint venture between the EGPC and RWE Dea. According to official figures, SUCO’s total oil production in last September stood at 566,660 barrels.