GPC Makes New Discovery in the Western Desert
The General Petroleum Company (GPC) successfully made a new oil discovery, GPR-1X, in the maturing Abu Sennan concession at the Western Desert. Initial tests show promising production rates of 1,400 barrels of crude oil per day (bbl/d) and approximately 1 million cubic feet of gas per day (mmcf/d) from the Bahariya formation, in addition to adding 2 million recoverable barrels to the reserves.
This find is a testament to the Egyptian oil and gas sector's ongoing commitment to exploration and resource development.