Sunday, December 4, 2016

The results of the well in the Gulf of Suez special Exploratory egz-1x

The results of the well in the Gulf of Suez special Exploratory egz-1x
 Tariq Al-Mulla, Minister of Petroleum and Mineral Resources received a report from the Ministry of Petroleum to support the reserves and increasing production of oil and gas in various regions of Egypt Petroleum and private pristine areas, the report added that it is expected that the production of the well up to 3000 barrels per day after punching each bearing layers of crude oil in configurations Karim and Albulaim and South Gharib, and make the necessary to create a new facility for the early production of studies, and these positive English company results encouraged to continue to implement its ambitious investment zones of various privileges in the Arab Republic of Egypt, the Gulf of Suez where he intends to dig wells exploratory and other developmental top of the nest area as a plan of principle are the increase in the light of the results of drilling, as well as develop a detailed plan for the drilling of developmental and exploratory East Zeit area in the light of the results of recent drilling and re-seismic data processing, which ends in the first quarter of 2017.hoshrkh Vega Petroleum is the foreign partner of Zeit Petroleum (Petrozi) since in 2012 its subsidiary, Pacific Oil has won the privilege of southeast area of ​​the top of the nest now and you exit procedures commitment Southeast head nest adjacent to the field, the head of the nest zone agreement a minimum spending during the exploration phases of a $ 59 million signing bonus and $ 2 million. As the East Zeit area about 7 km from the nearest subsidiary of Vega production facilities top of the nest area Tariq Al-Mulla, Minister of Petroleum and Mineral Resources received a report from Dr. Sherif Sousse president of South Valley Holding Company for Petroleum on the development work on the new petroleum detect the well exploratory EGZ-1X East Zeit Gulf of Suez area and program the integrated test, which is doing Vega Petroleum Limited English concession area, who explained that he is currently being test well by perforating 120 feet of the total 212 feet in the formation of the Holy geological detect and resulted in the production of 1000 barrels of oil and one million feet gas companion per day and complete the test program is underway to equip the well to put on the production and estimated initial reserves for the detection of about 250 million barrels can be increased..

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