Agiba invests more in the Western Desert

In the context of its fiscal year 2010/2011, Agiba Petroleum Company drills three development wells in its concession area in the Western Desert.

The volume of investment for this drilling program will count for $6 to $9 million. The drilling operations are carried through the PDI-92 and ECDC-2 and Sino-Tharwa A rigs.

The Joint Venture between the EGPC and Italian Eni is also working on the repair of another four development wells in the same area, which will cost from $500 thousand up to $1 million per well.


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