Egypt Hits the Mark in the Western Desert: 70 Million Barrels of Oil that Change the Game (and Bypass Suez) - Economic Scenarios

Egypt hits the mark in the Western Desert: 70 million barrels of oil that change the game (and bypass Suez) - Economic Scenarios

The world is thirsty for energy. Global markets, reeling from the war in Iran, are reeling from sharp price increases and increasingly uncertain supply

Agiba makes largest Western Desert discovery in 15 years

Agiba Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Eni, recorded its largest oil and gas discovery in 15 years in Egypt’s Western Desert, the country’s Ministry of Petroleum and Mineral Resources announced. The discovery was made through the Bustan South-1X exploratory well, drilled by the Egyptian Drilling Company’s EDC … The post Agiba makes largest Western Desert discovery in 15 years appear…

Egypt finds gas and oil reserves in Western Desert

Egypt has announced an oil and natural gas discovery in the Western Desert that should boost domestic production and reduce import costs. The exploratory well has an estimated reserve of 330 billion cubic feet of gas and 10 million barrels of condensate and crude oil, totalling 70 million barrels of oil equivalent, the petroleum ministry said. The well is the largest discovery in the past 15 years by Agiba Petroleum Company, a joint venture betw…

Agiba Discovers 330 Bcf of Gas and 10 Million Barrels of Condensates in Western Desert

Egypt’s Ministry of Petroleum and Mineral Resources announced that Agiba Petroleum Company, the joint venture between the Egyptian General Petroleum Corporation and Eni S.p.A., has achieved its largest Western Desert discovery in approximately 15 years. The discovery was made through the exploratory well “Bustan South 1X,” drilled using the EDC-9 rig operated by Egyptian Drilling […] The post Agiba Discovers 330 Bcf of Gas and 10 Million Barrels…