OREANDA-NEWS. Kuwait Energy an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), declared that the exploration well Shahd-4 on the East Ras Qattara development lease, located in the Northern Western Desert onshore Egypt discovered hydrocarbons in the Wadi El Natrun formation (Jurassic) formation.

Kuwait Energy holds a 49.5% revenue interest in the East Ras Qattara development lease, while the remaining 50.5% is held by the operating company Sipetrol.

Tests of the Wadi El Natrun formation achieved flow rates of 1275 BBLS/D of condensate with 51 API and 12.5 MSCF/D of gas on choke 32/64; and 2400 BBLS/D of condensate and 25 MMSCFD on choke 64/64".

This is a very important discovery as this is the first time that the Jurassic formation is proven to be a hydrocarbon producer in the East Tiba Half Graben sedimentary basin.

Sara Akbar, CEO of Kuwait Energy, said:

Iam delighted to announce this discovery at the East Ras Qattara. This discovery would also allow for further diversification of our production in Egypt from oil, gas and condensates.