Khalda Petroleum Company Discovers New Oil in Egypt’s Western Desert
Khalda Petroleum Company, operating in the Kalabsha Development Area of the Egyptian Western Desert, has announced a new oil discovery in the West Fewebs-1 area. The well was tested by drilling 270 feet into the Paleozoic sands, producing 7,165 barrels of oil per day with a quality of 44 degrees and 23 million cubic feet of associated gas.
Electrical logs confirmed the presence of hydrocarbons in the Paleozoic component with a total net thickness of 462 feet.
New Incentives to Boost Production
Egyptian Minister of Petroleum and Mineral Resources, Karim Badawi, has introduced new incentives to increase oil and gas production. These include mechanisms to boost production rates, exploratory and developmental drilling activities, and production operations. The revenue from increased production will help settle dues owed to the petroleum sector’s partners and provide additional petroleum to reduce the gap between local production and consumption.
Doubts Revealed
Khalda Petroleum Company -: Khalda Petroleum Company is a company that looks for and produces oil and gas. They work in Egypt, which is a country in Africa.
Western Desert -: The Western Desert is a large, dry area in Egypt. It is called a desert because it has very little water and lots of sand.
barrels of oil -: A barrel of oil is a big container used to measure oil. One barrel can hold about 159 liters of oil.
cubic feet of gas -: Cubic feet is a way to measure gas. One cubic foot is about the size of a big box that is one foot long, one foot wide, and one foot high.
Paleozoic sands -: Paleozoic sands are very old layers of sand that were formed millions of years ago. They are deep underground.
Egyptian Minister of Petroleum and Mineral Resources -: The Egyptian Minister of Petroleum and Mineral Resources is a person in the government of Egypt who is in charge of oil and gas. Right now, this person is named Karim Badawi.
incentives -: Incentives are rewards or benefits given to encourage people to do something. In this case, they are given to help find and produce more oil and gas.
exploratory and developmental drilling -: Exploratory drilling is when companies drill holes in the ground to look for oil and gas. Developmental drilling is when they drill more holes to get the oil and gas out after they find it.
