Egypt Adds 4,100 Barrels of Oil per Day to Its Production

Egypt’s Petroleum Ministry on Monday announced it will add an estimated 4,100 barrels of oil equivalent per day (boe/d) to its production capacity.

According to a ministry statement, the Agiba Petroleum Company has announced the start of production from its “Arcadia-28” well, which targets the underground rock layer formation “Masajid Carbonate.”

“The well was commissioned on 19 July after a precise acid stimulation operation, a well treatment technique similar to those used in the Iris well,” it said.

The Arcadia-28 well is currently producing approximately 4,100 barrels of oil equivalent per day, marking a significant addition to Agiba’s overall production.

The ministry said this production boost is a testament to the company’s ongoing development and expansion initiatives across its concession areas.

Also, the step aligns with the ministry’s first strategic pillar to maximize domestic petroleum production.

The ministry noted that companies in the sector continue to intensify efforts to raise output and meet Egypt’s growing energy demand.