A new 2000 HP drilling rig (Rig ZJ-46) built in China was successfully delivered to the Gulf of Suez in mid-January. This rig is contracted for 18 months on a shared “call-out” basis for the WEEM group and other operators. The first well location to be drilled on WEEM will be Malak-1 and containers have now been transported to the drill-site where rigging-up is already 20% complete. Barring unforeseen difficulties, drilling is expected to commence by mid-February. The Malak-1 well, first of two back-to-back wells in the programme, will be drilled to a total depth of 12,500 feet (3,800 metres) and is anticipated to take 30 days. Depending on results, the rig will be available for further drilling and additional wells may be drilled immediately after completion of the first two wells or at a later date. A further announcement will be made when the Malak-1 has been spudded.
Aminex has a 10% beneficial interest in WEEM, carried through to first commercial production, and partners are First Energy Ltd., Groundstar Resources Ltd., FS International Corporation and Sinopex Ltd.