Egypt

Agiba Petroleum Adds 4,100 BOE/Day from New Arcadia-28 Well

Published on : 2025-07-28

In line with the Ministry of Petroleum and Mineral Resources’ strategy to boost local hydrocarbon production, Agiba Petroleum has successfully brought the Arcadia-28 well onstream, targeting the Masajid Carbonate formation.

The well, acidized on July 19, 2025, using advanced techniques similar to those applied in the Iris well, is now producing at a rate of 4,100 barrels of oil equivalent per day.

This achievement marks a strong addition to Agiba’s daily output and reflects the success of the company’s ongoing development efforts in its concession areas.

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The event was attended by Eng. Mohamed Hassan Kandil, Chairman and Managing Director, senior executives, managers, and a large number of employees, along with the outstanding sons and daughters of Egypt Gas.

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The Minister stressed the importance of expediting the implementation of strategic projects, particularly the ozoris and Atoll fields, and connecting their production to the national grid, reaffirming the Ministry’s full support for this direction.