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Oil & Gas

Energean appoints new Country General Manager for Egypt, starts new 2D seismic survey

Posted: October 23, 2015 at 1:57 pm   /   by   /   comments (0)

energeanEnergean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, is pleased to announce that it has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt.

Mr. Tarakhan is a seasoned reservoir characterization specialist and an AAPG Certified Professional Petroleum Geologist, which has spent more than 30 successful years in exploration and oilfield development as well as in oilfield Techno-Commercial studies and regional business development. He has worked in companies like BP, Repsol, Schlumberger, Halliburton, Madison PetroGas, Kuwait Energy, PGNiG and Rayton and in projects that lead to over 58 commercial oil discoveries in the Middle East and Africa. Among them is Kom Ombo, the area which Energean is exploring.

Moreover, Energean has appointed AGS – Afro to conduct a 2D seismic survey in the West Kom Ombo concession area, in the context of the company’s new 6- million-dollar investment programme in Egypt. The survey will start in December and 400 km of 2D seismic will be acquired ahead of the drilling of two new wells which has been planned for the summer 2016.

kom ombo

The West Kom Ombo block is located at the South Central Desert in Upper Egypt and has a geological structure similar to the neighbouring Al Baraka oil field, where international oil companies have been producing hydrocarbons for several years.

The block is in the second exploration phase and covers an area of 20,948 km2. At the start of this second exploration period, Energean acquired a block-wide high resolution aeromagnetic survey, while in the first period, Energean acquired 700 km of 2D seismic, bringing the total coverage on the block to 1600 Km.

Energean Oil & Gas is the Operator and holds a 60% interest in the West Kom Ombo exploration and exploitation license.

(Energean Oil & Gas Press Release)

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