Agiba Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and IEOC, part of Italian Eni, was able to add an estimated 4,100 barrels of oil equivalent per day (boe/d) to its production capacity. The production boost is a direct result of it bringing the “Arcadia-28” well online on July 19, 2025

The well, targeting the underground rock layer formation “Masajid Carbonate”, was commissioned after a precise acid stimulation operation— a well treatment technique similar to those used in the “Iris” well, Agiba’s recent oil and gas discovery located in Egypt’s Western Desert.

The production increase reflects the effectiveness of the ongoing development and expansion initiatives within the company’s concession areas, according to the Ministry of Petroleum and Mineral Resources’ statement. Furthermore, the step aligns with the Ministry of Petroleum and Mineral Resources’ first strategic pillar to maximize domestic petroleum production.