Oil company Petrodara’s production of crude oil increased significantly, revealed the company-specific analytical report compiled by Egypt Oil & Gas. Production indicators for crude oil rose consistently, reaching 376,129 barrels for the month of January 2012.
Petrodara has recently completed the drilling of three new oil-producing developmental wells, dubbed ARTA-45, ARTA-49, and E.ARTA-28, all in its Eastern Desert concession as part of the company’s developmental plans for the current fiscal year 2011-2012.
The ARTA-45 well was drilled at a depth of 4,083 feet using an EDC-72 rig. Investments in the well reached $640,000.
The ARTA-49 well was drilled at 3,822 feet via an EDC-62 rig. Investments in this well reached $596,000.
The E.ARTA-28 well attracted investments of $718,000. It was drilled at a depth 5,013 feet using an ST-7 rig.
Production from the three wells has not yet been added to the company’s overall production numbers. Petrodara’s overall crude oil production was at 212,024 barrels in January 2010 and rose to 247,655 barrels in January 2011, before reaching 376,129 barrels in January 2012.
Petrodara Oil Production