El Hamra Oil Company completed the drilling of the Alamein North East-1 (NE-1) exploration well in the Alamein-Yidma concession, as an oil producer.

The company allocated $1.25 million-investment for the NE-1 well, which showed initial production results of 200 barrels of oil at the Kharita formation.

El-Hamra is the joint venture between the Egyptian General Petroleum Corporation (EGPC) and the American IPR Group.