Arab Finance: Ajiba Petroleum Company – the joint operations company between the Egyptian General Petroleum Authority and the Italian company Eni – succeeded in discovering the new Arcadia West field in Western Sahara, and was able to put it on the production map immediately, according to Statement Issued by the Ministry of Petroleum.
The excavation work in the Arcadia-28 well resulted in the discovery of a high-quality tank at a preliminary production rate of 2500 barrels per day, which confirms the distinctive hydrocarbon capabilities of the region, as it comes a few months after the company discovered the Iris field, which still achieves production of 7500 barrels per day.
The importance of this geological disclosure comes in the fact that it represents a new hydrocarbonian complex in the formation of geological mosques, as it was previously believed that it constitutes a barrier, but it has now proven its capabilities and capabilities of petroleum in large quantities under appropriate geological conditions.
This discovery is supported by a three -dimensional seismic survey, to confirm the effectiveness of integration between the latest land science technologies and operating experiences, and supports the company's plans to dig more wells in Arcadia West and open new horizons for similar discoveries in the formation of mosques.
Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, had visited the headquarters of the companyWonderful oil“To discuss its plans in the fields of research, exploration and increase production, in the presence of the leaders of the ministry and the” Agiba “and” Ayuk Production “of the Italian company Eni.
Where he stressed the importance of continuing to work to maximize local production and reduce the import bill, praising the company's significant increase in the production of crude oil during the past months, and stressed the need to maintain safety and environment standards as major factors to attract investments and enhance operating performance.
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