Geisum + Tawila fields concession, offshore Gulf of Suez, WD 20m, ops terminated of late, results encouraging. Target Miocene sst. Appr/devt GNN-4 has spudded and is underway. The 104-sq km Geisum & Tawila West lease has been renewed for another 5 yers to Jun '27 with commitments to 2 wells. Petro Gulf Misr Co = Pico, Kufpec, EGPC JV.
Egypt (Gulf of Suez B.) Geisum NN-3 op. by PICO CHEIR (60%), KPC (40%), EGPC (0%) in Geisum Field block, WD = 43 m, ps terminated of late, results encouraging. Target Miocene sst. 