Latest news with #ArcadiaWest
Zawya
2 days ago
- Business
- Zawya
Egypt: Agiba Petroleum unlocks 4,100 BOE/day output from Arcadia-28
Arab Finance: Agiba Petroleum Company successfully commissioned the Arcadia-28 well, resulting in a daily production rate of approximately 4,100 barrels of oil equivalent (BOE), according to a statement. This was achieved after a precise acid treatment process was implemented on July 19 th, 2025, using modern technologies similar to those applied to the Iris well. The announcement aligns with the Ministry of Petroleum and Mineral Resources' first strategic pillar, which aims to maximize local petroleum production. Oil companies continue to exert efforts to increase production rates to meet the country's energy needs. On June 30th, Agiba Petroleum discovered a new field of Arcadia West in the Western Desert, while the drilling operations in the Arcadia-28 well led to the discovery of a high-quality reservoir, yielding an initial daily production rate of 2,500 boe. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
01-07-2025
- Business
- Zawya
Egypt: Agiba Petroleum unveils Arcadia West discovery in Western Desert
Arab Finance: Agiba Petroleum Company, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Italy's Eni, discovered a new field of Arcadia West in the Western Desert, according to a statement. The new field was immediately placed into the company's production map. This aligns with the ministry's first strategic pillar, which aims to increase oil and gas production and reduce import costs. Drilling operations in the Arcadia-28 well led to the discovery of a high-quality reservoir, yielding an initial production rate of 2,500 barrels of oil equivalent per day. The Arcadia West discovery marks a milestone for the company's ambitious strategy to expand exploration near existing production areas. It doubles the chances of replicating this successful model. The discovery follows the company's discovery of the Iris field last March, which holds a production capacity of 7,500 barrels of oil equivalent per day. Supported by a 3D seismic survey, this discovery reflects the successful integration of the latest geoscience technologies with operational expertise. Earlier on June 30th, Minister of Petroleum and Mineral Resources Karim Badawi reviewed Agiba Petroleum's plans and latest developments in oil and gas exploration and production.
