In a week of political tumult, Gulf independents are reporting positive developments from their Egyptian operations. It remains to be seen if unrest will affect operations directly, though good news will alleviate concerns to some extent; prior bouts of unrest – from labor strikes to political violence – have led to disruptions.
Kuwait Energy Company (KEC) reported on 30 June the latest in a growing list of successes at its East Ras Qattara asset (KEC 49.5%, operated by Chilean state firm ENAP 50.5%). The completion of the Shahd South East-06 development well has added around 4,800 b/d to production, boosting overall field output to 21,000 b/d. This follows an earlier boost to 17,000 b/d in April with the completion of the Shahd-3 well: at the time the firm said it was targeting 20,000 b/d by the end of June. (CONTINUED - 869 WORDS)