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Aminex are preparing to drill in South Malak-2 exploration well onshore Gulf of Suez, Egypt after being advised that the well will spud imminently.Â
The company has also been told that a second location called as Wadi Kofra-1Â has been chosen. This further well will target the same formations and drilling is expected to start at nthe end of this year.
The company has also been informed that a second location has been chosen, designated as Wadi Kofra-1. This further well will target the same formations and drilling is expected to begin in late 2014.
South Malak-2 is targeting the prolific Nubia and Matulla sandstones under the West Esh el Mellaha Production Sharing Contract (WEEM-2 PSC).
The WEEM 2 PSC is located directly west of Lukoil’s WEEM 1 PSC which is producing from the same formations being targeted by South Malak-2 and Wadi Kofra-1. Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt, which holds 80% of the WEEM-2 PSC.
Jay Bhattacherjee, CEO, said: “As a carried interest partner, the imminent spudding of the South Malak 2 well and further drilling of Wadi Kofra 1 are a positive step in moving the WEEM 2 PSC forward.”
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