Russia’s Lukoil has been awarded the South Wadi El-Sahl block in Egypt’s Eastern Desert, located on the southwest bank of the Gulf Suez. The large block surrounds Lukoil’s West Esh El Mallaha, Wadi El-Sahl and South Wad El-Sahl development leases (see map).
According to Egyptian daily Al Mal the Russian firm will spend $22.5mn to drill six exploratory wells in the new acreage. (CONTINUED - 204 WORDS)
