Khalda Petroleum Company is continuously drilling the effective exploratory wells in its acquisition area in West Kalabsha Concession. Moreover, Egypt Oil & Gas knew that the company has successfully completed drilling and examining the exploratory Phiops-6 field which produces a rate of 5500 barrel of oil per day. Besides, the produced oil is considered the type of light high quality oil, the API gravity reaches 40 degrees.

The company is planning to place this field on the production map as soon as it can in order to increase the daily output rates of the firm.
Khalda Petroleum Company is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation.