Egypt announces new oil discovery in Western Sahara

Egypt announces new oil discovery in… desert West
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February 26, 1446
August 30, 2024 AD
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Egypt’s Ministry of Petroleum announced in a statement on Tuesday that new oil has been discovered in Egypt… desert West.
The statement said that this disclosure "Desert Kalabsha Development Zone Phiobus-1 Western Area West A place to test the well.

A one-inch production slot can recover 7,165 barrels of 44 quality grade oil and 23 million cubic feet of associated gas per day.".

Earlier on Tuesday, the Ministry of Petroleum announced "Egypt’s Natural Gas Holding Company has launched a new round of international bidding for the exploration and production of natural gas and crude oil in 12 blocks in the Mediterranean and Nile Delta.".

additional: "These include 10 offshore blocks and 2 onshore blocks.".

Egypt plans to restore oil and gas production to normal levels starting in 2025 with the help of international partners and strive to become a liquefied natural gas hub in the region.

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