PetroAmir reserves reached 30 million barrels of crude oil and 30 billion cubic feet of gas, revealed top official to Egypt Oil & Gas Newspaper.
Currently, PetroAmir production rate reached nine barrels of oil per day from one layer of Amir and Geyad fields.
The official also informed EOG that last year’s production reached 2.6 million barrels by the end of the 2009-2010 fiscal year.
PetroAmir is the Joint venture company between the Egyptian General Petroleum Corporation and the Greek Vegas Oil & Gas. The company concession is located in North West Gemsa.