psc - Kufpec

West Mediterranean Block-1
(KUFPEC: 10%)
The joint venture’s efforts during 2010 focused on
the potential development of the El King discovery
in cooperation with other joint ventures. The joint
partners continue to work together to develop
a viable ongoing development strategy for the
Block.
Gulf of Suez - Offshore
Geisum & Tawila West
(KUFPEC: 40%)
The operating company PetroGulf Misr evaluated
the 2008-2009 drilling campaign and conducted
various reservoir studies during 2010 to enhance
the ongoing exploration and exploitation practice
within the Block. An ongoing well workover
campaign was continued to counter production
challenges including the high natural decline rates
of the producing reservoirs and controlling the
produced water cut. An aggressive development
and exploration drilling program was defined in
2010, implementation is planned to start early
2011. The net oil production from the block
averaged 1,689 boepd during 2010.
Sudan
SUDAN
Block-B
(KUFPEC: 27.5%)
KUFPEC has been present in Sudan in the Total
operated Block B for more than two decades.
The joint venture’s efforts during 2010 were
focused on finalizing the Block B consortium by
completing the assignment of a 10% participating
interest share to Nilepet (representing the South
Sudan interests). Significant delays occurred due
to the referendum on separation between South
and North scheduled for 2011.
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