Egypt announces new oil discovery in Gulf of Suez

STORY: Egypt announces new oil discovery in Gulf of Suez DATELINE: Aug. 23, 2023 LENGTH: 00:01:00 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of Egyptian Ministry of Petroleum and Mineral Resources headquarters 2. various of wind station near the Gulf of Suez 3. various of Egyptian ports 4. various of the Suez Canal STORYLINE: Egypt's Ministry of Petroleum announced Tuesday a new oil discovery in the Geisum and Tawila West concession in the Gulf of the Suez. The discovery was made by Cheiron, Egypt's leading crude explorer and producer, during the exploration of the well GNN-11 in the concession's North Geisum field, it said in a statement, adding that the well currently produces more than 2,500 barrels of oil per day. The North Geisum, South Geisum, Northeast Geisum, and Tawila West fields are all included in the Geisum and Tawila West Concession, which is situated in the Gulf of Suez's southern entrance, according to Egypt Today magazine. Thanks to the successful drilling program in the wel