Agiba Petroleum Company plans to produce 16.4 million standard cubic feet per day (mscf/d) during fiscal year (FY) 2018/2019, which will witness broad activities of drilling 45 wells and executing 264 maintenance operations for wells, said Mohamed El Qanass, Agiba Petroleum’s Head, Egypt Oil & Gas reports.

“The company is implementing a plan during the second half of FY 2017/2018 to boost production from its concessions in the Western Desert and Gulf of Suez. The plan has started showing positive results through production increase in West-Meleiha, Yasmine, Deep Amry, and North Rosa fields, according to El Qanass.

Test results of West-Meleiha showed production rates of around 2,500 b/d of crude oil.

The company started conducting production tests at Deep Karnak field, with production rates around 2,500 b/d, El Qanass added during the company’s general assembly chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s budget plan.

Agiba Petroleum Company further targets drilling seven development wells in Ashrafi, Raas Qatara, and Raml fields.