Ganope Plans to Drill 11 Exploration Wells in the Red Sea

Drilling Activity Details

Locations

Egypt

Operators
Post Date
Shore Type
Geo Coordinate

Drilling Activity Summary

Description

Ganoub El Wadi Petroleum Holding Company (Ganope) plans to drill 11 exploration wells in the western portion of the Red Sea in Egyptian territorial waters. The exploration program in Blocks 1 through 9 was recently approved by the Egyptian Minister of Petroleum and Mineral Resources. Seismic surveying is currently under way and a second phase of surveying is planned from this year. Cairo-based Ganope anticipates an average total production of 27,600 bbl of oil per day.