A new oil discovery was made in Egypt after drilling a well in the Western Desert that would produce massive amounts of crude oil and natural gas, an Egyptian petroleum company said in a statement on Wednesday.
“The new discovery has been put on the production plan at a rate of 4,100 barrels of crude oil per day and 18 million cubic feet of natural gas per day,” said the company.
Borg Al Arab Petroleum Company is a joint venture between the Egyptian General Petroleum Corporation and Kuwait Energy Egypt, and it is responsible for operations at Abu Sennan concession in the Western Desert.
The company said that its chief reported the new discovery to the Egyptian Petroleum Minister Tarek al-Molla.
In late 2019, the company announced a petroleum discovery in ASH-2 area of oil rich Abu Sennan, with an average production rate of 7,000 barrels of crude oil and 10 million cubic feet of natural gas per day.
Egypt saw a 7-percent surge of oil and gas production in 2019 by producing some 650,000 barrels of crude oil and 7.2 billion cubic feet of natural gas per day, according to a former statement by the Egyptian oil minister.
Egypt’s largest Zohr offshore gas field in the Mediterranean Sea, which was discovered by Italy’s giant Eni in 2015, greatly contributes to the country’s natural gas production as it produces alone about 2.7 billion cubic feet on a daily basis.