Agiba Petroleum Company, a joint operating venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni, announced a new discovery with the Arcadia West field in the Western Desert, which was swiftly brought into production.
This development directly supports the Ministry of Petroleum and Mineral Resources’ foundational strategy, which prioritizes escalating domestic oil and gas production to bolster national energy security and alleviate the fiscal burden of imports.
Drilling operations at the Arcadia-28 well yielded the discovery of a high-quality reservoir, commencing production at an initial rate of 2,500 barrels of oil equivalent per day (boe/d). This success further substantiates the significant hydrocarbon potential of the area, following closely on the heels of the Iris field discovery just months prior, which continues to produce 7,500 boe/d.
This discovery at Arcadia West not only enhances the potential for replicating this highly effective model but also underscores Agiba’s innovation in exploration and reservoir characterization. It also confirms the potential of this geological model, which is anticipated to yield numerous promising analogs across the company’s concession areas in the Western Desert.
Underpinned by a comprehensive 3D seismic survey, this discovery further validates the efficacy of integrating cutting-edge geoscience technologies with operational expertise. It strengthens the company’s strategic roadmap for drilling additional wells in Arcadia West and actively pursuing new opportunities for analogous discoveries within the Masajid formation.
