New oil well discovered in Egypt’s Western Desert

Borg El-Arab Petroleum and Mineral Company — a JV between the EGPC and Kuwait Energy — has discovered a new oil well in the Western Desert’s Abu Sennan concession, the cabinet said yesterday. The Salmeya-5 well is estimated to hold 4k bbl/d of crude oil and 18 mn cf/d of gas. The JV made its most recent discovery in Abu Sennan last December, the ASH-2 well.