New Wells Add to Egypt’s Oil Production

Agiba Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni, has drilled Dorra-36 and West Yasmine-3 new wells in its Western Desert concession, kicking off its 2026 drilling campaign.

According to the Ministry of Petroleum and Mineral Resources (MoPMR), the move is part of an accelerated strategy to offset natural decline and maximize recovery of mature basins through advanced geological evaluation.

Initial testing of the two new wells showed an estimated combined production of 1,650 barrels of crude oil per day (bbl/d) and approximately 19 million standard cubic feet per day (mmscf/d) of natural gas from the Khatatba and Masajid geological formations.

Agiba has invested US$404 million during the Fiscal year 2024/25 period to sustain an average total output of more than 40,000 barrels of oil equivalent per day (boe/d), according to Tharwat El Gendy, the company’s chairman, in August.

He noted that during the year Agiba maintained a stable production base by drilling 28 production wells and two exploration wells.

By leveraging advanced seismic data and enhanced oil recovery (EOR) techniques, Agiba aims to continue its trajectory of production growth and asset optimization in the Western Desert.