RWE says extends gas discovery in Egypt

BERLIN, Oct 08, 2012 (AFP)

RWE, Germany’s second-biggest power supplier, said Monday it has discovered more gas in an area it is currently exploring in the Nile river delta in Egypt.

RWE said its subsidiary RWE Dea Egypt “confirmed a further extension of the South Sidi Ghazy-1x discovery in the Egyptian Nile Delta.

“The latest development well follows the successful appraisal of the North Sidi Ghazy-1x discovery reported in August 2012,” the statement said.

The start of production from RWE Dea’s Disouq project was “planned for 2013,” it added.

The Disouq concession was awarded to RWE Dea in July 2004. The block covers an onshore area of 5,375 square kilometres (2,075 square miles) within the Nile Delta region of Egypt, the statement said.