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Image used for illustrative purpose. People are seen near a ship crossing the Suez Canal near Ismailia port city, 120 km (75 miles) northeast of Cairo, June 13, 2013. Image used for illustrative purpose.
Egypt - PetroBakr Petroleum Co has commenced the development drilling operations at the “Arta 92” well, with plans to achieve a production rate of 350 barrels of oil per day, as per a statement from the Egyptian Ministry of Petroleum and Mineral Resources.
The project forms part of a broader strategy to boost Egypt’s oil and gas output and meet growing domestic demand.
Minister of Petroleum Karim Badawi visited the site as part of a field inspection aimed at monitoring the progress of drilling and development activities.
During his visit, Badawi engaged with the drilling team, who outlined the plan to reach a depth of 4,000 feet before commencing production.
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