Belayim Petroleum Company (Petrobel) witnessed a steady production rate over the last quarter of 2011. The company concluded the year with the drilling of two wells, one exploratory and one development.
Balayim Petroleum Company (Petrobel) is heading further with its 2011/2012 plan by the drilling of two development wells and another exploratory one, in Sinai and the Mediterranean areas respectively.
Petrobel commenced the drilling of an exploratory well in its concession area in the Gulf of Suez, according to the Q4 plan of the fiscal year of 2010-2011.