Egypt Key To Kuwait Energy’s Fortunes

Another firm which has seen production increase substantially in Egypt is independent Kuwait Energy Company (KEC), with output from its Egyptian assets more than doubling since 2011 (see graph).

The majority of that output comes from the East Ras Qattara permit in the Western Desert in which KEC holds a 49.5% working interest and is operated by Chilean state firm ENAP. Fourth quarter production at East Ras Qattara reached around 25,000 b/d, with four new development wells brought on during the course of 2014. The two wells brought on during Q4 were at an initial gross rate of 3,300 b/d and 1,000 b/d respectively, whilst one, ‘Shard-4’ “discovered hydrocarbons in the Wadi El Natrun [Jurassic] formation... the first time that the Jurassic formation is proven to be a hydrocarbon producer in the East Tiba Half Graben sedimentary basin,” KEC says. Well test flow rates were 1,275 b/d of 51°API condensate and 12.5mn cfd of gas on a 32/64” choke. (CONTINUED - 388 WORDS)

DATA INSIDE THIS ARTICLE

table Iraq: Key Oil Data (‘000 B/D)