In Q3 2018, Agiba Petroleum completed its Meleiha 57 Deepening deeper-pool test (DPT) as an oil producer. The well encountered a new oil pool in the Early Cretaceous Alam El Bueib (AEB) Formation, below the producing Cretaceous Bahariya Formation of the Meleiha Field. It was drilled on the Meleiha development lease of the Meleiha PSC, located in the Shushan Basin. The well was spudded on 7 June 2018, reaching 2,804m TD (2,564m TVD) in the AEB interval. Operations were carried out by the Egyptian Drilling Company #64 rig. The original wellbore, the Meleiha 57 development well, was drilled in 2016. Meleiha 57 Deepening was one of two DPTs drilled on the Meleiha Field, with Meleiha 55 Deepening also encountering oil in the AEB horizon. Equity in the Agiba consortium is split between Eni (38%), Lukoil (12%) and EGPC (50%, carried). <P />
Agiba Petroleum completed its Meleiha 57 Deepening deeper-pool test (DPT) as an oil producer. The well encountered a new oil pool in the Early Cretaceous Alam El Bueib (AEB) Formation, below the producing Cretaceous Bahariya Formation of the Meleiha Field. 