Irving, Tex., independent IPR Inc. has made a discovery in its first drilled well, SWGEZ-5, in its Southwest Gebel El-Zeit concession in the Gulf of Suez offshore Egypt. IPR operates the block, which was acquired from Devon Energy International in 2007. IPR constructed a modern 3-slot platform, 9.5-km, 8.5-in. pipeline from platform to shore, and state-of-the art surface facilities to receive future deliveries. SWGEZ-5 was drilled using Advanced Energy Systems’ ADM-IV jack up rig under the supervision of IPR’s operational teams and its joint venture operating company, PetroHurghada. The well took 43 days to drill, test, and complete to a total depth of 8,020 ft in the basement of the Precambrian age. The well encountered a total of 107 ft of net hydrocarbon pay in Late Cretaceous age Nubia and Matulla formations, as targeted prolific producers in the Gulf of Suez. SWGEZ-5 tested naturally flowing oil and gas at […]