Kuwait Energy and its partner, the Egyptian General Petroleum Corporation (EGPC), have made a new oil discovery in the Abu Sennan concession in the Western Desert, Egypt
The El Salmiya-1 well is the company's fourth exploration success in the Abu Sennan concession and follows the GPZZ-4 and Al Ahmadi-1 gas and condensate wells discovered in August 2011, and the Al-Jahraa-1X oil well discovered in January this year.
Kuwait Energy deputy chairman and chief executive officer Sara Akbar said that the Abu Sennan concession looks promising the company looks to continue exploratory activities for 2012.
The El Salmiya-1 well reached a total depth in the Kharita Formation at 3,799m and was tested for a flow rate of 5,600 barrels of oil equivalent per day (boepd).
Initially, the testing showed commercial flow rates at the Abu Roash "E" Member and Abu Roash "C" Member levels.
The Abu Roash "E" Member revealed a flow rate of rates of 400 bopd from the well, while the Abu Roash "C" Member level showed rates of 2,500 bopd and 17 million standard cubic feet of gas per day (mmscfd).
Kuwait Energy expects to begin commercial production of the El Salmiya-1 discovery following approval from the regulatory authorities.
Kuwait Energy, the operator of the project, holds a 50% working interest, Beach Petroleum holds a 22% stake and Dover Investments has a 28% interest in the concession.
The latest discovery brings the total number of discoveries by the company in Egypt to 16 since 2008.
Image: The El Salmiya-1 well is Kuwait Energy's fourth exploration success in the Abu Sennan concession. Photo: Beach Petroleum.