In October 2019, Kuwait Energy Co successfully tested the new field wildcat Kharaza 1 in the Kheir block, Gulf of Suez Basin. Oil presumably flowed from the Yusr Member of the Burdigalian Rudeis Formation or from the Serravallian Kareem Formation.  The well, which was spudded on 24 September 2019 was drilled to a TD of 927 m in the Upper Cretaceous Ghareb Formation.  The Kheir block was granted to Kuwait Energy Co in January 2010. It covers an area of 28 sq km and includes the Kheir field discovered in 1973.  Kuwait Energy Co is a JV between EGPC, Petrogas E&P and Kuwait Energy.
Kharaza 1 (Kuwait Egy. 70% op, Petrogas 30%) in Kheir block, onshore, TD=927m, oil disc. oil presumably flowed from the Yusr Member of the Burdigalian Rudeis Fm or from the Serravallian Kareem Fm, no specifics.