LONDON, May 6 (UPI) -- Exploration company Sea Dragon Energy announced Tuesday it encountered oil while drilling into an Egyptian basin on the west side of the Gulf of Suez.
The company said its al-Amir SE 21 development well ran through a net 23 feet of oil. The company said the well flowed at a preliminary rate of 3,000 barrels of oil per day and 3.2 million cubic feet of associated gas.