New Western Desert Oil Discovery Unveiled in Egypt

published:28/08/2025 07:40 GMT

Egypt’s Ministry of Petroleum and Mineral Resources has announced a new oil and gas discovery in the Western Desert, following the successful drilling of the exploratory well North Lotus Deep-1, operated by Agiba Petroleum in partnership with Italy’s Eni. According to the ministry, the well is contributing around 1,835 barrels of crude oil and 7 million cubic feet of gas per day, equivalent to 3,100 barrels of oil equivalent (BOE). The reserves are estimated at approximately 5 million BOE, and...More