The Egyptian Ministry of Petroleum and Mineral Resources announced a new petroleum discovery in the Gesum offshore concession area in the Gulf of Suez.
According to Cheiron, the new discovery is located in the Gesum-Taweelah West concession area in the Gulf of Suez, where operations in the field are managed by Petrogulf Misr Joint Venture, on behalf of the Egyptian General Petroleum Corporation (EGPC) (50 percent), and partners "Kairon-Picot and Kufpec" (50 percent).
The discovery was achieved through the North Gesum North GNN-11 exploration well, and the well encountered 165 feet of high-quality net vertical layers in the Nubian formation, as this is the first time that the crude oil-bearing Nubia formation has been found in the concession area, and the main reservoir produced in the field is located in the Noachel Formation.
Source (Al-Arabiya.net Website, Edited)
