In late January 2019, Qarun Petroleum Co (Qarun) abandoned the Bolt 119-1 exploration well in the East Bahariya Ext.III (Bolt) concession, Abu Ghardiq Basin at a TD of 3,3035 m in the Lower Cretaceous Alalm El Bueib Member. The well was spudded on 7 January 2019 with the âEDC-63â land rig. It has a planned TD of 3,505 m and the Cenomanian Bahariya formation and the Albian Kharita Member as the objectives.  Qarun Petroleum Co is a JV between the EGPC, Apache Oil Egypt, Dana Petroleum and Sinopec IP Corp.  Background Information  Qarun was awarded the East Bahariya Ext.III (Bolt) concession in the Abu Ghardiq Basin, Western Desert in August 2018.
Qarun Petroleum Co (Qarun) abandoned the Bolt 119-1 exploration well in the East Bahariya Ext.III (Bolt) concession, Abu Ghardiq Basin at a TD of 3,3035 m in the Lower Cretaceous Alalm El Bueib Member.