Nigeria Embraces Natural Gas Transition as Diesel Dominance Wanes
Agiba Petroleum Company, the joint venture between Egypt’s EGPC and Italian energy giant Eni, has successfully increased production from its Iris and Arcadia West areas to 12,000 barrels of oil equivalent per day. The production boost resulted from the Iris-5 well beginning operations, contributing an additional 2,000 barrels per day to the overall output.
The Ministry of Petroleum and Mineral Resources highlighted the role of advanced technologies, particularly 3D seismic surveying, in opening new exploration opportunities throughout the Western Desert. These technological advances have helped maximize the potential of the Masajid geological formation, significantly increasing production from both Iris and Arcadia West fields.
The ministry noted that these results challenge traditional understanding of the Masajid geological formation, previously known for low rock permeability that restricted production from conventional vertical wells. The success demonstrates the effectiveness of modern extraction techniques in unlocking previously inaccessible resources.
Agiba Petroleum also announced the promising Durra well discovery in the same geological formation, where drilling has revealed positive oil indicators. The Durra well is currently being prepared for production, showing that promising geological formations extend into previously unexplored areas.
In July, the company brought the Arcadia-28 well online, targeting the Masajid Carbonate formation following an acid stimulation operation. This well currently produces approximately 4,100 barrels of oil equivalent per day, representing a significant addition to Agiba’s overall production capacity.
Source: egyptoil-gas.com
