Energean appoints new country manager for Egypt, plans seismic survey
ATHENS -- Energean Oil & Gas has appointed Dr. Medhat Tarakhan as country general manager in Egypt.
Tarakhan is a seasoned reservoir characterization specialist and an AAPG Certified Professional Petroleum Geologist, who has spent more than 30 years in exploration and oilfield development as well as in oilfield techno-commercial studies and regional business development.
He has worked in companies like BP, Repsol, Schlumberger, Halliburton, Madison PetroGas, Kuwait Energy, PGNiG and Rayton and in projects that lead to over 58 commercial oil discoveries in the Middle East and Africa. Among these is Kom Ombo, an area which Energean is exploring.
In addition, Energean has appointed AGS–Afro to conduct a 2D seismic survey in the West Kom Ombo concession area, in the context of the company’s new $6-million investment program in Egypt.
Seismic survey
The survey will start in December, and 400 km of 2D seismic will be acquired ahead of the drilling of two new wells, which has been scheduled for the summer of 2016.
The West Kom Ombo Block is located at the South Central Dessert in Upper Egypt and has a geological structure similar to the neighboring Al Baraka oil field.
The block is in the second exploration phase and covers an area of 20,948 km2. At the start of this second exploration period, Energean acquired a block-wide high resolution aeromagnetic survey, while in the first period, Energean acquired 700 km of 2D seismic, bringing the total coverage on the block to 1,600 km.
Energean Oil & Gas is the operator and holds a 60% interest in the West Kom Ombo license.
