psc - Kufpec

AFRICA REGION
During 2010 the Africa Region focused on enabling
and implementing its longer term exploration
program. Key wells were drilled in the
Tinah, North Kairouan and Ivory Coast Blocks
leading to two gas discoveries which will need
to be further appraised to determine ultimate
commerciality. KUFPEC entered into lease extensions
(subsequent exploration periods) in
the Tinah and West Sitra Blocks. Finally, significant
effort was made to ensure and extend the
KUFPEC’s interest in the Congo Marine Block IX,
the Sudan Block B, and the Ivory Coast Blocks
CI-24 and CI-102. The Africa Region imple-
mented the drilling of KUFPEC’s first operated
well in several years, the North Kairouan Block
BBJ-1 well; and finalized arrangements to test
the deep potential beneath the SLK field during
2011 by drilling the KUFPEC operated SLK-13
Deep well. The average production achieved
within the Africa Region during 2010 was 6,020
boepd net KUFPEC as compared to the average
production achieved during 2009 of 4375
boepd net KUFPEC. Arrangements are under
way to place the Prince discovery in the Ras
Kanayes Block on production during first-half
2011.
EGYPT
In Egypt, KUFPEC participates in a number projects
that range from exploration to development
to production in the onshore Western
Desert, the offshore Nile Delta, and the Gulf of
Suez.
Qaitbay Castle - Alexandria - Egypt
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