Novus gets extra 3000 bpd of oil from a gas exploration well in Egypt

Nov 04, 1999 01:00 AM

Novus Petroleum Ltd. has been awarded a bonus of an unexpected 3000 bpd flow from a gas exploration well in Egypt. The oil flow, in the Tut West-3X exploration well in Novus' Khalda Concession in the Western Desert region of Egypt, follows 25 metres of oil pay including a new reservoir zone intersected in shallower reservoirs in the same well.
Novus' Managing Director, Dr Bob Williams, said the 3000 bpd flow rate, stable for a 24-hour test period, is the equivalent to 7 % production from the Khalda Concession. "Significantly, this new oil discovery is just 7 km from existing production facilities and can therefore be brought on stream in the near future," Dr Williams said.

Source: IINX via Iinoil
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