Agiba Petroleum Company has announced the start of production from its “Arcadia-28” well, which targets the Masajid Carbonate Formation. The well was brought online on 19 July following a carefully executed acid stimulation operation using advanced techniques previously applied in the nearby Iris well.
In a Monday statement, the Ministry of Petroleum and Mineral Resources confirmed that this development aligns with the ministry’s first strategic objective: maximising domestic production of petroleum resources. The ministry noted that companies in the sector continue to intensify efforts to raise output and meet Egypt’s growing energy demand.
The Arcadia-28 well is currently producing approximately 4,100 barrels of oil equivalent (BOE) per day, marking a significant addition to Agiba’s overall production. The ministry highlighted this as a testament to the company’s ongoing development and optimisation initiatives across its concession areas.
