Repsol Exploraci�n has discovered a new gas and
condensate field on the Khalda concession in the Western Desert of Egypt. This
is the third discovery in the last four months.
The discovery well, TUT
-22, was positive in three intervals of the Kattatba formation. During
production testing, 90 million cubic feet of gas and 4,000 barrels of condensate
were produced per day.
The two gas fields previously discovered were the
Shams EN-1 well which tested 40 million cubic feet of gas and 1,177 barrels of
condensate per day, and the SW-1 well with 49 million cubic feet of gas y 2,200
barrels of condensate per day.
Repsol owns 50% of the Contractor Group in
Khalda concession and is the operator of the Group constituted jointly with
Apache (40%) and Samsung (10%). The Khalda concession is operated by Khalda
Petroleum Company, an Egyptian corporation owned by the Contractor, and the
Egyptian General Petroleum Corporation (EGPC), the national oil company in
Egypt.
Repsol is the third largest oil company in Egypt, -after Amoco and
Agip and before Shell- with a net production of 30,000 barrels per day, from the
Khalda, Umbarka, South Umbarka, Gulf of Suez East and Gulf of Suez West
concessions. It began its activities in Egypt back in 1972, with an exploration
and production contract on the Umbarka field in the Western Desert. Since then,
Repsol considerably increased its interests in that country through a policy of
continuous acquisitions, buying oil-producing assets and stakes in exploration
licences.
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