IPR Unveils New Oil Discovery in Egypt’s Suez Gulf

Texas independent oil & gas explorer the Improved Petroleum Recovery (IPR) Group of Companies announced on Thursday the discovery of a new crude oil well in Southwest Gebel El-Zeit (SWGEZ) offshore field located in the Gulf of Suez.

The well is expected to produce 3.611 barrels of oil per day (BOPD) and 2.90 cubic feet of natural gas per day.