Monday 24/Feb/2025 – 05:22 PM
Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, chaired the work of the General Assembly of Agiba Petroleum, which was held through the video technology to approve the planning budget for the next fiscal year 2025-2026.
The Minister of Petroleum and Mineral Resources said that the use of modern technologies and advanced technologies in excavation of exploration and development wells and the production of oil and natural gas is extremely important, and the resulting positive results compared to traditional excavation work, pointing to those efforts that will lead to an increase in Egypt’s production of oil and natural gas and from Then you will support the national economy by reducing the import bill.
During the association, Badawi praised the efforts of the employees of the company, which resulted in achieving success stories that contributed to increasing the company’s production through the use of advanced technologies and non -stereotypes in the horizontal drilling of development wells in new layers in the Western Sahara region, as well as the company’s efforts and cooperation with the foreign partner in energy efficiency projects Reducing carbon emissions and achieving zero emissions from flame gases at the treatment plant in the area The Western Sahara, and the minister directed the intensification of drilling operations and the maintenance of wells and work to increase production during the coming period, while adhering to occupational safety and health procedures and the preservation of the environment.
Plans to increase research and exploration activities
The officials of the Italian company Ayuk emphasized that there are plans to increase research and exploration activities in light of the incentives announced by the Ministry of Petroleum and Resources to increase production of crude oil and natural gas in a way that achieves the interests of all parties, pointing out that it is targeted to intensify operations and drilling and development programs of new formations and layers that have not been It is produced by them by using the latest technologies and technologies.
Engineer Tharwat Al-Jundi, President of Ajiba Petroleum Company, reviewed the features of the planning budget for the fiscal year 2025-2026 and performance indicators for the current fiscal year budget 2024-2025, explaining that the proposed budget for the fiscal year 2025-2026 amounted Standard daily.
The soldier added that the production of Ajiba Petroleum Company reached 40 thousand barrels of oil equivalent per day, with a achievement of 82 % of the plan, by drilling 12 development wells and 59 wells.
The head of Ajiba Petroleum Company explained that for the first time in the history of the company, zero was reached for the flame gas in oil and gas facilities by completing the gas compressor project, which allows the transfer of all the burning gas from the oil station to the gas station.
The soldier continued: A new water treatment plant was added as part of a strategy for treating and re -injection of water in a wonder, which enabled the company to treat and re -inject 100 % of the water produced according to international standards, in order to enhance the efficiency of depleted tanks by maintaining the pressure of the tank and improving productivity .
Drilling the first deep horizontal well into the mosque layer
In addition, Ajiba company has succeeded in digging the first deep horizontal well into the mosque layer (North Rosa -13), which represents a major achievement in maximizing the economic feasibility of low -permeable carbonate cabinets. The well achieved a preliminary production of 1,800 barrels of oil equivalent per day, adding 0.5 million barrels of harmony to the company’s reserves.
The soldier continued: It also achieved a wonderful achievement in the mosque layer, as we promised to complete the exploratory well (Aires 1x) from the mosque layer with high productivity to reach the highest production at a rate of 2600 barrels of oil per day and 4.5 million standard cubic feet per day, followed by the implementation of a quick development plan It started digging the development well (Aire 2), which was placed on production at a rate of 1500 barrels of oil Daily and 1.6 million standard cubic feet per day, both of which added 3 million barrels of oil equivalent to the company’s reserves.
The soldier explained that the company has resumed the activities of the second phase of Maliha Gas Station last December, with the support of both the Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation, and it is expected that the operation will start in September 2026.
He pointed out that it is planned to dig two well-exploratory wells in the modified budget for 2024-2025, and three wells are scheduled to be drilled in the planned budget for 2025-2026.
He also made it clear that the high -density and high -developed seizure project had been completed on November 24.
