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Tuesday, August 18, 2009

Kuwait firm again strikes oil in Egyptian desert

CAIRO Ñ Yet another crude oil reserve has been discovered in Egypt.

Kuwait Energy has discovered a fourth oil field in Egypt's Western Desert, Middle East Newsline reported.

The Al Zahra field, located in East Ras Qatara, was reported to contain a daily output of 2,165 barrels of oil per day.


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This marked the fourth discovery by Kuwait Energy Ñ one of the largest private contractors in the Middle East Ñ since 2006.

The company has been operating 10 exploration and production blocks in five areas of Egypt and plans to drill another five wells by 2010.

"Our continued discoveries in Egypt are the result of our teams ability to employ cutting edge technologies in an area where others have been less successful in their search," Kuwait Energy deputy chairman Mohammed Al Howqal said.




Comments


If people don't stop discovering new oil reserves, how are we ever going to run out of oil? If you keep finding carbon, we'll never get rid of it, and government can't justify taxing and regulating people to death. Somebody call Al Gore!

Eric Robinson      5:23 p.m. / Wednesday, August 19, 2009

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