Aminex Announces Operations Update in Egypt

Source: www.oilegypt.com 2/25/2008, Location: Africa

In Egypt the Malak-1 well in West esh el Mellahah Block 2 (“WEEM-2”) commenced drilling on Friday 22 February using the ZJ-46, a new-build 2,000 HP rig recently arrived in Egypt, owned and operated by the Shengi-Bohai Drilling Company of China. This vertical well is located on the Malak prospect and will be drilled to a total depth of 3,800 metres which is expected to take approximately 30 days. Malak-1 will be immediately followed by a second well using the same rig. Depending on well results, a third and further wells could be drilled immediately after completion and testing of the first two. The joint venture participants are Aminex Petroleum Egypt Ltd. (operator, 80%) and Groundstar Resources Ltd. (20%). Shareholders with Aminex PLC in Aminex Petroleum Egypt Ltd. are Volant Petroleum, First Energy, Sinopex and FS International Corporation. Aminex PLC has a 10% beneficial interest in the WEEM-2 permit which is free-carried by other interest holders through to first commercial production.

WEEM-2 is in the onshore part of the highly productive Gulf of Suez region, close to the coastal town of Hurghada. The ZJ-46 rig is available to the joint venture on a call-out basis for an eighteen month period.


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Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


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