IPR makes Egypt gas strike

EgyptTexas independent IPR said it hit a “significant” deposit of gas condensate at its Alamein concession in Egypt’s Western Desert.


The Yidma-11X well tested 14.3 million cubic feet per day of gas and 1000 barrels per day of condensate with no water. IPR was targeting the Alam El-Bueib formation about 130 kilometres south-west of Alexandria.


The discovery was made at a depth of about 12,000 feet. It followed a programme of seismic imaging in the Alamein Ridge area.


“While no gas has been found in this formation in this region of the Western Desert, it appears that commercial quantities of very rich gas exist,” IPR said in a statement. “IPR and its technical experts are remapping what could prove to be a much larger structure of gas and condensate.”


IPR plans to invest in 57 wells in Egypt in 2014 as a part of an “aggressive growth plan” in the Middle East and North Africa.


Providing useful reviews, articles and writings on crude oil, energy and gas. Crude oil brokerage services crude oil facilitator services Oil Brokering oil facilitators global oil broker global oil facilitator crude oil brokers at LinkedIn Twitter crude oil brokers Twitter oil facilitators online.

IPR makes Egypt gas strike IPR makes Egypt gas strike Reviewed by Crude Oil Brokers on 11:03 Rating: 5

No comments:

Trending Oil Industry News

About Crude Oil Brokers Ltd

Crude Oil Brokers Ltd is a dedicated global crude oil buyer and seller brokering or facilitating company. We are a United Kingdom and Nigerian based firm, privately owned and devoted to the oil buying and selling brokering.

We have buyers and sellers of;

1. Nigerian Bonny Light Crude Oil, BLCO

2. D2 Diesel Fuel, JP54 Jet Fuel, Mazut etc.

3. Saudi Light Crude Oil, SLCO

4. Iraqi Light Crude Oil

If you are a buyer or seller of crude oil or other petroleum products or have mandate to buy or sell any of the above oil products, do contact us because we could be of help.

To contact Crude Oil Brokers, click here ». To learn more about Crude Oil Brokers Ltd, click here


Crude Oil Brokers

Powered by Blogger.