The discovery follows the successful drilling of the exploratory well, "Northeast Ramadan Crystal." The well is expected to be placed on the production map within days, with an initial output estimated at 3,000 barrels of crude oil per day.
This find is part of a series of recent exploration
successes in oil and gas. It was achieved using the latest technology,
specifically Ocean Bottom Node (OBN) seismic surveying, which allowed for the
identification of promising geological structures beneath the seabed that were
previously inaccessible.
The discovery is considered a significant addition to Dragon Oil’s activities in the Gulf of Suez and a positive indicator of the substantial opportunities to restore production rates in the region, thereby opening new prospects for future discoveries.