In H2 2019, Qarun Petroleum had P&A dry its Bolt C18 1X NFW, located on the East Bahariya Extension III PSC in the Abu Gharadig Basin. The well was spudded in late Q2 2019, with operations being carried out by the Egyptian Drilling Company #63 rig. It reached 2,528m TD (2,560m PTD) in the Cretaceous Dahab Formation. The well was exploring the Cretaceous Bahariya and Kharita formations, in a prospect lying 5.5km NW of the company's Q2 2019 Bolt 150X (now renamed Cobra) oil discovery. Bolt C18 1X was one of eight NFWs drilled on the concession in 2019, with four making Cretaceous oil discoveries. The PSC was awarded out-of-round in July 2018. It is operated by Qarun Petroleum, with equity in the consortium split: Apache (25.125%) Sinopec (12.375%), KNOC (via Dana Petroleum 12.5%) and EGPC (50%, carried). It is not clear if KNOC is participating in the concession.
Qarun Petroleum had P&A dry its Bolt C18 1X NFW, located on the East Bahariya Extension III PSC in the Abu Gharadig Basin. 