In late October 2019, Qarun Petroleum Co put onstream Cobra 2, the second well drilled at Cobra field, East Bahariya Ext. III (Bolt) block, Abu Gharadiq Basin. Industry sources report that the well is flowing 3,000 bo/d.  Qarun Petroleum Co spudded the well on 15 August 2019 with a planned TD at 3,260 m. In late September 2019, the operator was drilling ahead, presumably targeting the Albian-Cenomanian sandstones of the Burg El Arab Formation.  Qarun Petroleum Co is a JV between EGPC (50%) and its partners Apache (25.125%), Dana Petroleum Qarun (12.5%) and Sinopec (12.375%).  The East Bahariya Ext. III (Bolt) concession is a 2,573 sqkm multi-part block granted to Qarun Petroleum Co in August 2018.
Egypt, Abu Gharadiq (Dev)