Egypt unveils biggest oil and gas discovery in 15 years in western desert, boosting energy reserves

Initial estimates indicate reserves of around 330 billion cubic feet of gas and 10 million barrels of condensate and crude oil, for a total estimated reserve of 70 million barrels of oil equivalent.

The ministry highlighted the importance of the new discovery due to its location only 10 kilometers from existing facilities and infrastructure, which will enable rapid development and connection to production within a short period.

The well revealed several sandstone and limestone reservoirs with a net productive thickness of 400 feet, reflecting…