Tuesday, 7 June 2011 at 15:15, Reuters, Kuwait
Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11.
The oil discoveries were made in Shebl-1 and Shebl East-1 wells, the privately owned company said on Tuesday, with initial tests showing a combined production capacity of 2,100 barrels per day (bpd).
"Eleven discoveries in Egypt over a three-year period is very pleasing, and I'm looking forward to the results of our other 2011 exploration wells in Abu Sennan and Area A," said Chief Executive Sara Akbar in a statement.
Kuwait Energy has a 49.5 per cent working interest in East Ras Qattara, which it acquired in March 2008, while Chile-based Enap Sipetrol owns 50.5 per cent.
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