Rally Energy increases oil production in Egypt
Oil production from Canada-based Rally Energy’s Issaran oilfield in Egypt has increased since August to approximately 1,200 barrels per day (bpd).
The increase is due to production from two recently drilled wells and continued optimization of existing wells through perforation of additional zones, pump capacity changes and conversion to progressive cavity pumps.
Average oil production for the third quarter of 2003 is expected to exceed 850 bpd. Of current production, about 60 percent is derived from new wells drilled by Rally Energy since 2002. The 3-D seismic data used to select drilling locations for the new wells is currently being reviewed. — (menareport.com)
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