💨 Abstract

Dragon Oil has announced the successful completion of initial drilling at the East Crystal well in Egypt's Gulf of Suez, in collaboration with GUPCO. The well has shown a daily production rate of over 2,000 barrels and a potential reserve of 8 million barrels. Further evaluation aims to increase production to over 5,000 barrels per day.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖