Ganope: Egypt’s East Gabal El Zeit oil well produces 1,000 B/D

Egyptian Oil Minister Tarek El-Molla received Saturday a report from Ganoub El-Wadi Petroleum Holding Company (Ganope) on work progress at the newly-discovered EGZ-1X well. The EGZ-1X well is located in East Gabal El Zeit area, Gulf of Suez.

According to the report -submitted by Chairman Sherif Sousa-, EGZ-1X well produces around 1,000 barrels of oil and one million cubic feet of associated gas daily.

Ganoupe is currently testing  EGZ-1X well through perforating 120 feet out of total 212 feet, the report pointed out.

The total production of EGZ-1X well is expected to reach 3,000 barrels per day after perforating all crude layers in Balaeim and south Gharib areas.

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