MOG Energy boosted by three successful Gas discoveries

MOG Energy is pleased to announce three gas discoveries in Offshore North Sinai Concession after drilling challenging three offshore wells within Pliocene Kafr El Sheikh formation using El Qaher-1 Rig. The first well “KNW-1” was drilled in June 2021, and successfully penetrated 57 m Net Pay gas. The second well “KSW-1” was drilled in July 2021 and discovered about 22 m Net Pay gas. The third well in the campaign was drilled in August 2021 and successfully penetrated 20 m Net Pay. All zones have been completed and tested successfully. Eng. Raafat El Beltagy, President & CEO, commented: “We are pleased with the results of the three wells. The potential of the discoveries will boost additional 40 MMSCFD. We are working on the infrastructure which will accelerate the development of the discovery, and expedite early production start-up.”

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