Amid rising global oil price, Egypt discover new oil well in the Gulf.
According to a foreign news agency, the Petroleum Ministry of Egypt has reported that a new oil well discovery has reportedly been made in the Jassim and Tawila West concessions in the Gulf of Suez.
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According to the ministry, the fresh oil discovery was made by Egypt’s Sharon through well 11GNN, which is currently producing more than 2,500 barrels of oil per day.
According to sources, this will be the fourth oil well to be completed, and three more wells may be drilled as part of the current exploration phase.
Officials claim that the North Jessore well is producing around 23,000 barrels per day so far.
