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Australian independent Beach Petroleum has struck oil in two wells in the Egypt

August 25/2011

(Arabian Oil and Gas) -- Australian independent Beach Petroleum has struck oil in two wells in the Egyptian Abu Sannan concession. The wells are drilled under a joint venture between Beach (22), Dover Petroleum (28%) and Kuwait Energy (50%). Kuwait Energy is also the operator at the concession.


"GPZZ-4 was drilled as the first well of a six-well program in the Abu Sennan concession. During initial drilling, hydrocarbon shows were found in the lower and upper Bahariya Formations, and the Abu Roash G Member. An extensive testing program of these formations is currently underway," said the company in a statement.


"The second well, Al Ahmadi-1, has also encountered hydrocarbon shows within the Kharita Formation, the lower Bahariya Formation, the Abu Roash G Member and the Abu Roash E Member. Hydrocarbon zones highlighted by the wireline logging and testing will be followed up with a significant cased hole testing program."


The company expects that there will be an expeditious tie-in of the wells due to the location of the wells being within 10 kilometres of existing pipeline infrastructure. Details regarding the outcomes of flow testing from the wells will be advised in due course.


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