Greece’s Vegas Oil and Gas SA has made a significant oil find, in two wells in an onshore concession in Egypt, of over 9,000 barrels per day, and has begun production from one of the wells, the firm said yesterday. Adam Vavourakis, the general manager of Vegas, told Reuters that one of the wells was producing around 1,400 barrels per day after production began several days ago in the Northwest Gemsa concession southeast of Cairo near the Gulf of Suez.
That level could be increased once a pipeline is ready, expected within days, he added, speaking by telephone. Vavourakis said one of the wells, Amir Southeast 1, was tested at 3,400 barrels per day with an additional 3.8 million cubic feet of natural gas per day. The Amir Southeast 2 well was tested at 5,800 barrels per day with 7.9 million cubic feet of natural gas per day, he said.
Egypt’s state news MENA said the wells had been dug by the Egyptian-made Mubarak 1 land rig. MENA put the capacity of the second well at 6,000 barrels per day.