The combined maximum production rate achieved to date from the EPT was 2,524 barrels of oil per day, with associated gas.
The EPT is planned to continue for 6 months, which will enable the volume of hydrocarbons in place to be estimated. The EPT will also provide the basis for a development plan that will focus on the effective recovery of hydrocarbons within the various reservoirs.
A further three exploration wells have been approved by the Abu Sennan Joint Venture. The first of these wells, ASA-1X, spudded on 1 August 2012 and is targeting the GP-ZZ trend to the North East.
The Joint Venture equity interests in Abu Sennan are:
Beach (via wholly owned subsidiary Beach Petroleum (Egypt) Limited) - 22%
Kuwait Energy PLC - 50% and operator
Dover Investments Limited - 28%.
Posted by Nadeen El Ajou
Sunday, August 05 - 2012 at 11:07 UAE local time (GMT+4)
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