Limerick oil exploration firm Circle Oil has seen a 20 per cent rise in oil production resulting from its latest find in Egypt.
The company said in a statement that its Egyptian production is now at 10,000 barrels of oil per day. The company said that it was very pleased that its AASE-11X ST1 appraisal well has shown good initial oil flow.
“This well result further proves up the north western flank of the AASE field,”...
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