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Sipetrol New Oil Discovery in Egypt

Source: www.oilegypt.com 8/31/2005, Location: Africa

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Sipetrol, the international arm of Chile's state-owned oil company ENAP made an oil discovery in Egypt, where it recently widened explorations. Sipetrol, said in a statement to the Chilean securities commission that the new discovery was made at the ED 3-X well, at a depth of 1,727 metres.Sipetrol is still awaiting a licence from Egyptian General Petroleum Corporation (EGPC) to develop ED 3-X well.

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