Egypt recently made public its most significant discovery of oil and gas reserves within its desert regions in the past 15 years.
The discovery was made through the Bustan South-1X exploratory well, which was drilled by Agiba Petroleum, a joint venture between Egyptian General Petroleum Corporation and Eni, with the Egyptian Drilling Company's EDC-9 rig.
Agiba has been especially active in the Western Desert, where a succession of successful drilling projects over the last two years has helped boost crude production to around 32,000 barrels per day, the highest level in three years.
Officials emphasized the latest find's advantageous position, adding that it is only 10 kilometers from existing pipelines and production infrastructure.
This proximity is projected to drastically cut development costs and speed up integration into Egypt's current energy network.
