Badr El-Din Petroleum Company drilled a new development well, SD 1-15, in its concession in the Western Desert.
The oil producing well was drilled to a total depth of 4757 feet, through the EDC-10 rig, at an estimated cost of $1 million.
The well has not been put on production line yet.
Bapetco, the joint venture between the EGPC and Shell with 50% each, is expected to drill 44 development and exploratory wells according to the plan of the current 2011/2012 fiscal year, which serve its target to increase production levels and raise the volume of reserves.
Last year, Bapetco drilled a total of 34 wells.