During early January 2020 GPC, through its Petrosalam Oil Company subsidiary, had successfully completed its Northwest October 3 (NWO 3) appraisal/development well, located on its Northwest October PSC in the central Gulf of Suez. The well is expected to be brought online imminently at a rate of 2,000 bo/d. Operations were carried out utilising the ADES Group "Admarine 88" jack-up in ~60m WD. The well is appraising/developing the company's 2006 Northwest October 1 (NWO 1) oil discovery. It reached 2,880m TD, encountering oil the Palaeocene Nukhul, Mokattam & Thebes formations. A successful appraisal NWO 2, was drilled in 2010. With NWO 3 being brought online shortly, production from the field is expected to reach 5,000 bo/d. In Q4 2013, Fuji Oil sold its 50% stake in the Petrosalam JV to EnQuest. In H2 2015, EnQuest also exited, with no activity being carried out in the interim. The company's 50% equity in Petrosalam was assigned to EGPC, which already held a 50% carried interest in the JV. In H2 2017, EGPC assigned its 100% interest to GPC, which now holds 100% equity. 
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