Located in three high yield areas within Egypt, our operations in Ras El Ush, South East Ras El Ush and East Gabel El Zeit are fully operational and integrated within our portfolio with the ability to increase our ability to expand our production
the block covers an area of 68 sq km and
has commercial oil and gas discoveries
with complete 3d seismic data
Two drilled wells within the block have produced more than 5300 barrels of oil per day and 18 million standard cubic feet of gas per day during production testing
Covering an estimated 38,000 square kilometres, the Suez basin has a total of 123 producing fields, which yield an annual production of approximately 180MMBO. According to recent data, the basin has reserves of 4.35 billion BOE
Having been awarded working interest and operatorship in the Gebel El Zeit Onshore & Offshore Concession, we selectively chose the South Ras El Ush (REU) concession for our initial footprint where we hold an 82 percent share of the concessions rights, covering a total area of 9.31 square kilometres in the Gulf of Suez
With current production operating from seven wells, with upside potentials to the north and south, the block provides a rich source of current production and substantial potential for the future
Our team is composed of passionate individuals with a holistic approach towards growth and sustainability
Get in touch
info@pacificoilltd.com
SHARJAH
P.O. Box 84140
Al Majaz,
United Arab Emirates
Tel: +971 6 559 3892
Fax: +971 6 559 3893
CAIRO
9, Palestine Street,
New Maadi,
Cairo, Egypt
Tel: (+202) 27056011 – 33 – 44
Fax: (+202) 2704 1114