Cairo, June 16 -- Egyptian General Petroleum Corporation (EGPC) has made a new oil discovery in the Abu Sennan field in the Western Desert, the Egyptian Ministry of Petroleum and Mineral Resources announced.
Preliminary test results from the new GPR-1X well are highly promising, indicating daily production rates of up to 1,400 barrels of crude oil and approximately one million cubic feet of gas from the Bahariya formation, the ministry said in a statement on Sunday.
Beyond immediate production, the discovery is also expected to add a substantial two million recoverable barrels to Egypt's oil reserves.
Chairman of the EGPC Mohamed Abdel Majeed confirmed that the well is currently undergoing testing at the production station.
He also ...