
Abu Qir Petroleum considering drilling new well with investments of $30m
Company plans to finish 5 wells to add about 5,000 barrels of oil equivalent to daily production rates
Company plans to finish 5 wells to add about 5,000 barrels of oil equivalent to daily production rates
According to the chairperson of Abu Qir Petrolium, Alaa Eldin Fathi, the total production of the company during the last fiscal year amounted to 66 billion cubic feet of natural gas and 1.2 million barrels of crude oil and condensates, according to a statement from the Ministry of Petroleum on Monday. Fathi stated that the …