UK Firm to Find Oil in Egypt

By Eddyson Lugangwa Posted 25 September 2006 @ 11:33 am EET     Print     Reprint     E-Mail     Comments

Cairo (IBTimes.com) - A United Kingdom oil company, Aminex PLC, has signed a production sharing agreement with Egypt for Onshore Block 2 in the West Esh El Mellahah area in upper Egypt.

Aminex chief executive Brian Hall said: “This concludes a lengthy process of concession finalisation and we are very pleased now to be able to start work on West Esh El Mellahah (WEEM).” Hall said the first exploration period called for three exploration wells.

There was existing modern 3D seismic data already available on Block 2 and it was likely that early drilling could be accomplished, said Hall.Aminex PLC was an established upstream oil and gas company, listed on the London and Irish Stock Exchanges, which has operated internationally since 1991.

Since 1991 the company has held oil and gas concessions in the USA, Pakistan, India, Tunisia, two internal Russian Republics, Tanzania, North Korea, Madagascar and Egypt.