Egypt
Licence
Surface
Award Date
Licence Ownership WEEM Block 2
1,328km2
2006 Karl Thomson Group 20%
Aminex Petroleum Egypt Ltd 80%
- Licence covers approximately 1,400km² in the onshore Gulf of Suez region
- Good 3D seismic coverage and adjacent to major production
- Classic Gulf of Suez rift geology with excellent reservoir, source and trapping potential.
- Prospective reserves on P50 basis are estimated to be 80 mmboe (8 mmboe net to Aminex).
- Aminex is a shareholder in Aminex Petroleum Egypt Ltd and its share of exploration costs is free-carried through to first commercial production.
- Three wells were drilled in the first exploration period.