Rockhopper Exploration started drilling the Al Jahraa SE-2X exploration well on the Abu Sennan Concession, according to Proactive Investors. The company said the well, in which Rockhopper holds a 22% interest and which is being drilled in partnership with Kuwait Energy, could add 20 mn bbl of in-place oil to the project, if it is successful. Drilling and evaluation are expected to be completed within 40 days.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…