Belayim Petroleum Company (Petrobel) announced the successful drilling of a new developmental well in its concession area of the Sinai Peninsula.

The new 113-181 well was drilled in consistence with the company’s 2011/2012 developmental plan. Drilling investments in the new well have reached $3 million.

It is worhy to note that Petrobel is one of the EGPC companies jointly owned by the Italian operator Eni.