UAE's Dragon Oil Starts Crude Oil Production from Egypt’s AlWasl Field
Discovered in 2021, the Al Wasl field is the largest oil discovery in the Gulf of Suez region in the past two decades.
Dragon Oil, a subsidiary of the Dubai Government, has commenced crude oil production from the Al Wasl field in Egypt.
Discovered in 2021, the Al Wasl field is the largest oil discovery in the Gulf of Suez region in the past two decades, with reserves exceeding 95 million barrels. The Al Wasl offshore platform has been launched following the successful completion of the initial phase of the early production project. The first well in the field has started production, achieving an initial output of 3,000 barrels of crude oil per day. Dragon Oil will integrate a second well into the production line, potentially doubling the platform's output to 6,000 barrels of crude oil per day by mid-January.
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Dec 22, 2024 -
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