Egypt's Ministry of Petroleum and Mineral Resources announced a significant discovery in the Eastern Desert, where Petronfertiti, a subsidiary of South Valley Egyptian Holding Company for Petroleum, successfully drilled the exploratory well "Lurkan-6" in the North Gulf of Suez area. The well achieved positive results, producing 1500 barrels of crude oil and 8 million cubic feet of associated gas daily. This discovery aligns with the ministry's efforts to intensify exploration activities and increase local petroleum production.
The discovery was made in the company's concession area, where investments from Dana Petroleum and the Korea National Oil Corporation (KNOC) are being implemented. The Egyptian General Petroleum Corporation and South Valley Egyptian Holding Company for Petroleum collaborated on the project. According to the Ministry of Petroleum, this find will support continued exploration and evaluation of the region's petroleum potential.
The new discovery is part of Egypt's strategy to boost its oil and gas production. The country has been focusing on expanding exploration activities and evaluating promising areas in its concession zones. The Ministry of Petroleum has been working to increase local production by implementing new projects and collaborating with international partners.
The "Lurkan-6" well is expected to be connected to the production network once the necessary testing and technical procedures are completed. The data and geological maps are being updated, and analysis of the test results will help identify opportunities for drilling new wells and maximizing the use of the region's petroleum resources.
Egypt's oil and gas sector has seen significant investments in recent years, with the government aiming to increase production and reduce imports. The new discovery in the Eastern Desert is a positive development for the country's energy sector, which has been working to optimize its hydrocarbon resources.
The Ministry of Petroleum and Mineral Resources has been actively promoting exploration and production activities in Egypt. The recent discovery by Petronfertiti demonstrates the potential for new finds in the country and supports the government's goal of increasing oil and gas production.
The Egyptian government is expected to continue its efforts to boost the country's energy sector through new discoveries and investments. The "Lurkan-6" discovery is a significant addition to Egypt's oil and gas production, and further developments are anticipated in the region.
Key points
- Petronfertiti's discovery adds 1500 barrels of oil and 8 million cubic feet of gas to Egypt's daily production.
- The discovery was made in the North Gulf of Suez area of the Eastern Desert.
- Egypt's Ministry of Petroleum aims to increase local oil and gas production through exploration and investment.
