By Q3 2019, Khalda Petroleum had successfully completed its Barakat Deep 1X NFW as a gas and condensate producer. The well reached 1,438m TD with operations carried out utilising the Egyptian Drilling Company #17 rig. Well costs are estimated at ~US$1.7 million. The well is understood to have been targeting a Palaeozoic prospect. The discovery lies on the under-explored Khalda Offset New Area I (A) exploration lease, which forms part of the Khalda Offset PSC located in the Matruh Basin. The well is located 1km SE of the 1973 Barakat 1 NFW, which was P&A with gas shows after reaching 3,649m TD. Barakat Deep 1X is the first well to have been drilled on the block during 2019. In 2018 the company drilled its Nebtu 1X NFW, which was P&A dry after reaching 3,921m TD in the Paleozoic. Equity in the Khalda Petroleum consortium is split between Apache (33.5%), Sinopec (16.5%) and EGPC (50%, carried). 
Barakat Deep 1X nfw. (Khalda Petroleum = Apache 33,5%, Sinopec 16,5%, EGPC 50%, carried) in Khalda Offset (New) A-West, successfully completed as a gas and condensate producer, have been targeting a Palaeozoic prospect.