CAIRO: A major oil discovery has been reported in the West Fewebs-1 area of Egypt’s Western Desert, located within the Kalabsha Development Area in Egypt.

The company drilled 270 feet into the Paleozoic sands, resulting in a production test of 7,165 barrels of oil per day with a quality of 44 degrees and 23 million cubic feet of associated gas from a 1-inch production opening. Electrical logs confirmed the presence of hydrocarbons, with a total net thickness of 462 feet in the Paleozoic section.

In response to this discovery, Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, introduced new incentives to boost oil and gas production. These incentives aim to increase production rates, encourage more exploratory and developmental drilling, and enhance production operations.

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The revenue generated from this increased production will help settle dues owed to the petroleum sector’s partners and provide additional petroleum, helping to reduce the gap between local production and consumption.