PetroGulf Company wrapped up its maintenance operations for four wells through the conduction of advanced technical study.
These work-over operations are held in the company's fields of Al-Tawila and North Geisum, which are part of the company's current fiscal plan of 2010-2011.
Egypt Oil and Gas Newspaper learned that this recent study was an attempt from PetroGulf to continue the previously held studies that showed negative results.
The total investment cost of the new technical study revolves around $500 thousand.
The current crude oil production rate of PetroGulf is 6000 barrels per day.