PTTEP Drilling Result In Rommana Project, Egypt

Source: www.gulfoilandgas.com 3/30/2011, Location: Africa

PTT Exploration and Production Public Company Limited (PTTEP) would like to report the drilling result of an exploration well in Rommana project, which is an onshore block in the Arab Republic of Egypt. The joint ventures include Sipetrol International S.A. (Operator), PTTEP Rommana Co. Ltd. (a subsidiary of PTTEP), and Centrica Resources Ltd., which hold the participation interests of 40%, 30%, and 30%, respectively. The exploration well, Moon Sinai-1, was spudded on January 6, 2011. It was drilled to an approximate total depth of 1,440 meters without petroleum shows, therefore; the well will be written off within the accounting period of the first quarter 2011, with an approximate total cost to PTTEP of US$ 1 million.


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The well,...


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