In late December 2018, Qarun Petroleum Co (Qarun) abandoned the Bolt 122-1 exploration well in the East Bahariya Ext.III (Bolt) concession, Abu Ghardiq Basin. The well was spudded on 12 November 2018 with the âEDC-47â land rig and drilled to a TD of 3,968 m in the Cenomanian Bahariya formation. It had a planned TD of 4,045 m and the Albian Kharita Member and the Bahariya formation as the objectives.  Qarun Petroleum Co is a JV between the EGPC, Apache Oil Egypt, Dana Petroleum and Sinopec IP Corp.  Background information    Qarun was awarded the East Bahariya Ext.III (Bolt) concession in the Abu Ghardiq Basin, Western Desert in August 2018.
Qarun Petroleum Co (Qarun) abandoned the Bolt 122-1 exploration well in the East Bahariya Ext.III (Bolt) concession, Abu Ghardiq Basin. 