In Q2 2018, Agiba Petroleum encountered oil in its Meleiha North Deep 1X deeper-pool test. The well has been completed as an oil producer in the objective Early Cretaceous Alam El Bueib (AEB) Formation. It was drilled in the northern part of the Meleiha Field, located on the Meleiha PSC in the Shushan Basin. The deviated well was spudded on 19 April 2018 and drilled to a TD of 3,525m (TVD 3,262m) in the Jurassic Masajid Formation. Operations were carried out using the SinoTharwa Drilling #8 rig. Meleiha North Deep 1X is the first exploration well drilled on the concession in 2018. It continues the successful trend of discovering oil in the AEB interval, which lies below the Bahariya Formation, the main-oil pool of the Meleiha Field. The AEB was first tested in 1996, when the Meleiha Deep 1 well was drilled. Equity in the Agiba consortium is split between Eni (38%), Lukoil (12%) and EGPC (50%, carried). <P />
In Q2 2018, Agiba Petroleum encountered oil in its Meleiha North Deep 1X deeper-pool test. The well has been completed as an oil producer in the objective Early Cretaceous Alam El Bueib (AEB) Formation. 