Dragon Oil and GUPCO's East Crystal well in Egypt hits over 2,000 barrels per day, aiding Egypt’s oil production goals.

Dragon Oil and GUPCO have completed initial drilling at the East Crystal well in Egypt's Gulf of Suez, achieving a production rate over 2,000 barrels per day, with potential to rise to 5,000 barrels. This supports Egypt’s goal to enhance domestic oil production. Dragon Oil's CEO emphasized the success of modern exploration techniques in boosting production in mature fields, noting a potential reserve of 8 million barrels.

1 month ago
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