In late December 2019, Qarun Petroleum Co (Qarun) successfully tested Cobra 3, a new pool wildcat of the Cobra field, Bolt 150 (Dev) block, Abu Gharadiq Basin. The well presumably encountered oil in the Albian to Cenomanian Lower Kharita Member of the Burg El Arab Formation.  The company spudded Cobra 3 on 21 September 2019 with the EDC-63 land rig and drilled the well to a TD of 3,261 m.  The Cobra field was discovered in October 2019 after the new field wildcat Cobra 1 tested oil in the Bahariya Formation, the field was brought immediately onstream.   Qarun is a JV between EGPC (50%) and its partners Apache (25.125%), Dana Petroleum Qarun (12.5%) and Sinopec (12.375%).  The Bolt 150 (Dev) block was granted to Qarun in September 2019. It covers an area of 21 sq km and includes also the Bolt 150-1ST discovery.
Cobra 3 npw (Qapetco = Apache-Dana Petr.-Sinopec-EGPC JV) in Cobra field area, Bolt 150 (Dev) block, tested oil, likely from the Lower Kharita (Burg El Arab Fm), TD= 3261m.