Egypt’s Ministry of Petroleum and Mineral Resources has announced three new oil and gas discoveries in the Western Desert, made by Khalda Petroleum Company—a joint venture between the Egyptian General Petroleum Corporation and U.S.-based Apache Corporation.
The newly discovered fields are expected to yield approximately 12 million barrels of oil equivalent, including 4 million barrels of recoverable reserves.
Daily production from the discoveries is projected at 2,750 barrels of oil and condensates, along with 20 million cubic feet of natural gas. This will boost Khalda Petroleum’s total gas output to over 480 million cubic feet per day.
