Complex Made Simple

Kuwait Energy announces discovery at Abu Sennan, Egypt

Kuwait Energy (“the Company”) an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the operated exploration well ASA-1 st3 on the Abu Sennan license, onshore Egypt discovered hydrocarbons in the Abu Roash” E” and Abu Roash ” C” formations.

The ASA-1 st3 licensees are Kuwait Energy 50% (operator), Dover 28% and Beach Energy 22%.

The well was tested successfully over the Abu Roash “E” and Abu Roash “C ” reservoirs, with flow rates achieved of 1,604bopd and 2,164 bopd respectively.

This is the seventh exploration success in the Abu Sennan concession and the twenty third discovery in Egypt for Kuwait Energy since 2008.

On the development front, the Company has successfully completed the appraisal of the El Salmiya-6 well. The test results from the primary target, Kharita Sandstone, are 2,750 bopd and 9.7 MMscfd of gas on ¾” choke.

Sara Akbar, CEO of Kuwait Energy, said: “I am delighted to announce yet another discovery for Kuwait Energy at Abu Sennan. Egypt continues to be a flourishing region for us and this exploration success has the potential to add to our reserves and daily production levels.”