Agiba Petroleum Company is producing between 48,000 and 50,000 barrels of crude oil per day (b/d), around 20 million standard cubic feet per day (mscf/d) of natural gas, and around 50 tons of butane per day, said Essam El Kafas, head of Agiba Petroleum, according to Amwal Al Ghad.
El Kafas expects the company’s production to exceed 50,000 b/d during the coming period as it starts to operate nine wells that are currently under maintenance. These wells are expected to produce around 2500 b/d of crude oil.
The total production of the company will exceed at least 55,000 b/d after the wells recently-discovered by Eni in the West Meleiha concession are linked to production, El Kafas pointed out.
Agiba Petroleum Company is a joint venture between Eni, the Egyptian Natural Gas Holding Company (EGAS), and the Egyptian General Petroleum Corporation (EGPC), and it operates in Eni’s concessions in the Western Desert.