PetroAmir, a joint venture company between the Egyptian General Petroleum Corporation (EGPC) and the Greek operator Vegas Oil & Gas, has completed the drilling of a new developmental well in the North West Gemsa concession located in Gulf of Suez Basin of the Eastern Desert.

PetroAmir, a joint venture company between the EGPC and Vegas Oil & Gas, has completed drilling a new developmental well in its Eastern Desert concession.

PetroAmir reserves reached 30 million barrels of crude oil and 30 billion cubic feet of gas, revealed top official to Egypt Oil & Gas Newspaper.

PetroAmir is preparing to cooperate with Suez Oil Company (SUCO) to implement a new project to extent the natural gas pipeline produced during the coming period. The procedure is a part of the company's new fiscal plan of the year 2010-2011.