BP Egypt has announced that it has drilled a successful well, Giza North-1, in the North Alexandria concession held by BP, RWE Dea and EGPC/EGAS. The well encountered a significant gas accumulation as part of a large channel complex. It is estimated that the Giza complex contains more than 1 trillion cubic feet of gas and another well is planned to be drilled to further appraise the complex in April 2007. The rig will shortly move onto the next appraisal well in the Taurus field as part of a planned four well appraisal programme in the North Alexandria concession.
