In late February 2018, RWE Dea abandoned the Ras Budran East Offshore 1ST1 (ERBO-1ST1) wildcat, in the Gulf of Suez. The original hole ERBO-1, was spudded on 11 December 2017 with the âST-12â land rig and drilled to a depth of 2,438 m. Then the well was sidetracked in late December 2017 and drilled to at a TD of 3,328 m in the Rudeis formation.  The well had a planned TD of 3,420 m and objectives in the Matulla, Raha and Nubia formations.  RWE Dea operates the block with an 80% interest and Dove Energy holding the remaining 20%.  Background information  On 12 November 2012, RWE Dea announced that it has been awarded the East Ras Budran Offshore concession in the Gulf of Suez. The block was offered in the International Bid Round 2011 of the Egyptian General Petroleum Corporation (EGPC). The licence award is subject to the Egyptian Parliament approval. The concession is adjacent to the Ras Budran producing concession operated by the company. It is the sixth licence held by RWE in Egypt.
RWE Dea abandoned the Ras Budran East Offshore 1ST1 (ERBO-1ST1) wildcat, in the Gulf of Suez. The original hole ERBO-1,