Khalda Petroleum has been awarded the Chelsea 2 development lease (DL), as a carve out from the Khalda Offset PSC, located in the Matruh Basin. The award is effective from February 2018, with the DL valid for a minimum 20-year term. The block is believed to include part of the Chelsea South oifield, located on the adjacent Chelsea South DL, which forms part of the West Kanayes concession. The field was discovered in October 2018, after the Chelsea South 1X NFW was drilled. It reached a TD of 4,556m in the Jurassic Lower Safa and had dual objectives in the Cretaceous Alam El Bueib and Safa horizons. Equity in the Khalda Petroleum consortium is split between Apache (33.5%), Sinopec (16.5%) and EGPC (50%, carried).
Khalda Petroleum has been awarded the Chelsea 2 development lease (DL), as a carve out from the Khalda Offset PSC, located in the Matruh Basin. 