Egypt’s new oil discovery in Western Desert

Cairo: Khalda Petroleum Company has announced a new oil discovery in the Kalabsha development area of Egypt’s Western Desert. In a statement, Khalda, a joint venture between the Egyptian General Petroleum Corporation and US Apache Corporation, said the well was tested by drilling 270 feet into the Paleozoic sands.

The recovery on a 1-inch production opening was 7,165 barrels of oil per day with a quality of 44 degrees and 23 million cubic feet of associated gas, reports Xinhua news agency, citing the statement.

In July, Egypt announced plans to drill 110 exploratory wells for gas and oil, with a total investment of $1.2 billion during the 2024/2025 fiscal year.

The electrical logs of the well showed evidence of petroleum in the Paleozoic component, with a total net thickness of 462 feet, the company added.