Report summaryThe North July field lies about 2.5 kilometres north of Gupco's July field in the Gulf of Suez. Pennzoil was awarded the block with a 100% interest in October 1996. The agreement was ratified and became effective on 1 June 1997. Pennzoil had success with its first well on the block, North July-1, in 1998. The following year, Pennzoil changed its upstream corporate identity to PennzEnergy and merged with Devon Energy. Devon subsequently sold its interest in the North July field to IPR ...
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