Neptune to acquire seismic, drill well on Gulf of Suez license
Feb. 12, 2020
Neptune Energy has signed an exploration license for the North West El Amal Offshore concession with the Egyptian General Petroleum Corp.
Left to right: Neptune Energy CEO Jim House, Minister of Petroleum and Mineral Resources, His Excellency Eng. Tarek El Molla, and EGPC CEO Abed Ezz El Regal.
During the first phase the London-headquartered company (as operator) will acquire 100 sq km (38.6 sq mi) of 3D seismic data and drill one exploration well, with two further wells planned in phase two.
North West El Amal Offshore covers 365 sq km (141 sq mi) in the central part of the Gulf of Suez, 42 km (27 mi) south of Ras Gharib and 105 km (65 mi) north of Hurghada.
