Egypt Kuwait Holding is kicking off a three-well $75mn 2021 drilling campaign in a bid to ramp up production from its shallow-water Offshore North Sinai (ONS) concession from the current 50mn cfd to 75mn cfd “before the end of 2021.” Drilling will begin this month the firm says in its Q1 results on 11 May.
Output hit 80mn cfd in late 2019 (MEES, 22 November 2019) but 2020 saw high decline rates from the six producing wells at the mature Tao and Kamose fields as EKH postponed new investment. (CONTINUED - 117 WORDS)