Egypt announces a huge oil investment in Western Sahara

The Egyptian Ministry of Petroleum and Mineral Resources announced a new petroleum statement in Western Sahara, with estimated reserves of about 5 million barrels of reward, noting that it is the first horizontal exploratory well.

The Ministry confirmed, in a statement Wednesday, the success of digging the exploratory well “North Lotus Deep-1” of Ajiba Petroleum Company in Western Sahara, with investments from the Italian company Eni, to add about 1835 barrels of crude oil and 7 million cubic feet of gas per day, equivalent to 3100 barrels of equivalent. For petroleum, the success of the employment of modern technology to raise production rates reflects the layers of deep mosques, which are the deep sedimentary rock layers that contain oil or gas reservations, according to the ministry. She pointed out that 7 million cubic feet of gas and 550 barrels of oil are added daily, with a production increase of six times the traditional rates. Wonderful amounting to 404 million dollars during the year, with a average production of more than 26 thousand barrels of raw oil and 77 million cubic feet of gas per day, with a total of more than 40 thousand barrels per day. They were turned to drilling 28 production wells and two explosive wells and operating a accompanying water treatment plant. (Russia today)