Project Profile
Value: $150 Million
Location Gulf of Suez
Startup Year: 2014
The North Ramadan-1A well was drilled to total depth of 10,050 ft in the Lower Miocene Mheiherrat formation. A total of 133 ft over a gross interval of 174 ft of interbedded sandstones, shale\'s and limestone\'s in the Asl formation were perforated. Reservoir tests were conducted over a period of three days and tested at a naturally flowing rate of 2,979 bpd of a 36.5º API sweet crude and 1.5 mmscf/d with no water. The discovery is located just 6 km to the west of IPR\'s North July oil field which has been producing since 1991. IPR\'s offshore infrastructure at the adjacent North July Development lease will provide options for expedited development for this new discovery.