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المصدر
South Valley Petroleum Approves 6 Agreements
The Egyptian Ministry of Petroleum announced that South Valley Egyptian Petroleum Holding Company is preparing to achieve a qualitative leap in its activities over the next five years through expanding its exploration and drilling efforts and increasing crude oil production. They indicated initial approvals for six new investment agreements, with total investments amounting to $83 million, and expect to raise the average daily crude oil production to 44,000 barrels during the upcoming fiscal year. Additionally, seismic survey results in the Southern Western Desert have shown promising indications of new hydrocarbon resources, with 73% of the survey work completed so far. This enhances the prospects of discovering new sedimentary basins and expanding exploration activities in the region.
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