Neptune Energy has begun drilling its first operated well in Egypt with the Yakoot gas exploration well, in the North West El Amal offshore concession in the southern Gulf of Suez.
MILESTONE
For the first phase of operations the ADM-8 rig, operated by ADES, has a final target depth of around 3,600 metres.
Neptune plans two further wells during the second phase.
The North West El Amal concession covers 365 km2 and lies approximately 42km southeast of Ras Gharib and 105km northwest of Hurghada.
In February 2019, the Egyptian authorities awarded the exploration licence to Neptune which acquired advanced 3D seismic data during 2020.
The company’s managing director in Egypt, Alexandra Thomas, said that drilling the Yakoot prospect was a significant milestone for the company in Egypt.
“After many months of careful preparation, working closely with our stakeholders and partners, we are fully focused on safely drilling this strategically important well.”