On 17 December 2018, Agiba Petroleum Company (Agiba) abandoned the Banafsag Deep 1 exploration well in the southern part of the Meleiha development lease, onshore Shoushan sub-basin, Western Desert as a dry hole. The well was spudded on 19 November 2018 with the Sino Tharwaâs âST-5â and was drilled to a TD of 3,673 m in the Jurassic Khatatba Formation. It has the Cenomanian Bahriya Formation as primary target and the Aptian Alam El Bueib as the secondary target.  Agiba, a JV between EGPC and IEOC (Eni), operates the Meleiha lease. Partners are IEOC (Eni) with a 76% interest and Lukoil holds the remaining 24%.
Banafsag Deep 1 wildcat (Agiba =  EGPC-IEOC-Lukoil 100%) in S. part of Meleiha devt lease, Shoushan sub-basin, P&A dry, Targets Bahriya + Alam El Bueib Fm.