Cheiron has announced a new oil discovery in the Geisum & Tawila West Concession in the Gulf of Suez. The discovery was made through the exploration well north of Geisum North, GNN-11, and the well came across 165 feet of net high-quality vertical layers in the Nubian Formation dating back to the pre-Miocene era. The well was drilled through the recently installed early production facility in the north of North Geisum field and the well was successfully put on production at a rate of over 2,500 barrels per day. The well is the fourth well to be completed through the early production facilities. Moreover, Cheiron and Kufpec plan to drill an additional number of exploratory wells in the concession area and expand the north of North Geisum field (GNN) development.

Source: Daily News Egypt August 23, 2023 09:42 UTC