Hess Corporation, known in Africa for its cash cow Le Ceiba field in Equatorial Guinea, has announced itself as a significant player in the north of the continent.
The company encountered significant pay zones in two offshore wells in the Mediterranean region: one in Libya and the other in Egypt.
The A1-54/01 well in the Arous Al-Bahar prospect in Libya was drilled to a depth of 3376metres in 856metres of water. The well encountered a gross hydrocarbon section of approximately 152.4 meters at various intervals. Hess holds a 100 percent working interest in Area 54, which is located 38 miles offshore in the Sirte Basin.
In Egypt, the Dekhila-lx well in the West Mediterranean (Block 1) deepwater area, located 45 miles offshore within the Nile Delta Basin, was drilled to a depth of 2707 metres in 1183 metres of water and found a gross hydrocarbon section of 45.11 meters at multiple intervals. Hess holds a 55 percent working interest in the production sharing arrangement with the state company, EGPC. The company’s partners are RWE Dea (35 percent) and Kufpec (10 percent). The results of Dekhila-1x will be incorporated into engineering studies for the wider West Med development.