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Petroleum sets record annual discoveries
The General Petroleum Company achieved its highest annual discovery rate in its history during the fiscal year 2025-2026, with 12 oil discoveries relying on modern data analysis techniques. The average daily production reached approximately 77,000 barrels of oil equivalent, as the company prepared to drill its first horizontal well in the Western Desert and conduct tests on well NEST-8 after hydraulic fracturing, aiming to increase production rates and expand exploration and drilling activities.
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