Egypt has confirmed new discoveries from four exploration wells in the Western Desert as it works to raise oil and gas output and reduce reliance on imports.
According to the Ministry of Petroleum and Mineral Resources, the wells are expected to produce close to 4,500 barrels of crude oil per day along with about 2.6 million cubic feet of natural gas.
The finds were made by Khalda Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation and Apache Corporation, alongside Tharwa Petroleum Company and Borg El Arab Petroleum Company.
Khalda Petroleum recorded two discoveries at the Sultan S-1X RC and Alex NW-1X wells, with combined daily production of more than 1,500 barrels of oil and roughly 1.7 million cubic feet of gas.
Tharwa Petroleum drilled the EAS Z-3 well in the East Abu Sennan concession, achieving an initial output of around 1,500 barrels of oil per day. The company said testing is still underway to determine the size of the additional reserves.
Borg El Arab Petroleum also struck oil and gas at the AS Z-2X well in the Abu Sennan Development Area. Test results point to daily production of about 1,305 barrels of oil and 900,000 cubic feet of associated gas.
Late last year, Egypt announced plans to drill 480 new exploration wells over the next five years under a $5.7 billion investment program aimed at reversing long-term production declines.
Of these, 101 wells are scheduled for drilling in 2026 across the country’s main producing regions.
After four consecutive years of falling output, Egypt’s oil and gas production began to recover in September, easing pressure on the country’s import costs.
source:oilprice.com
African Energy Council