Suez Oil Company (SUCO) is planning to start a contemporary technical study, aiming to explore more layers in its producing wells during the current fiscal year of 2010-2011 in its fields in Gulf of Suez.
The main target behind this operation is to compensate the natural shortfall in the tanks as a result to water production.
Egypt Oil & Gas newspaper learned that the total cost of this study is $ 300,000. The company also developed seven development wells in the same concession, in order to boost the reservoir production of crude oil.
The study is expected to start in the second quarter of 2010-2011 economical year.