Khalda Petroleum Company, operating in the Kalabsha Development Area of the Egyptian Western Desert, announced a new oil discovery in the West Fewebs-1 area. The well was tested by drilling 270 feet into the Paleozoic sands, and the recovery on a 1-inch production op <a href=https://www.stanleyuk.uk>stanley uk</a> ening was 7,165 barrels of oil per day with a quality of 44 degrees and 23 million cubic feet of associated gas. Electrical logs of the well confirmed the presence of hydrocarbon indications in the Paleozoic component with a total net thickness of 462 feet. In the meantime, Egyptian Minister of Petroleum and Mineral Resources Karim Badawi has announced a new set of incentives aimed at increasing oil and gas production during an extensive meeting with import <a href=https://www.cup-stanley.pl>stanley polska</a> ant partners in the sector. Also ReadPM of Qatar, FM of Iran hold talks in Tehran These incentives include new mechanisms that are associated with achieving an increase in production beyond the current rates, as well as an increase in exploratory, developmental drilling activities and production operations. This wi <a href=https://www.cup-stanley.com.de>stanley cup</a> ll result in allocating the revenue generated from the increased production to settle part of the dues owed to the petroleum sector partners and provide additional petroleum to narrow the gap between local production and consumption. TagsEgypt Petroleum western News Desk Follow on Twitter | Posted by Sayima Ahmad | Published: 28th August 2024 1:13 pm IST Facebook X LinkedIn Pinterest Messenger Jgff EAM Jaishankar meets global counterparts on UNGA sidelines
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