AGIBA PETROLEUM COMPANY
AGIBA Petroleum Company was founded in 1981 as an Operating Company for the Egyptian General Petroleum Corporation(EGPC). Mission Statement identifies the fundamental purpose of an organization And Vision Statement identifies where we would like to be.
We would like to thank our Shareholders for their valuable support and cooperation which allowed Agiba to achieve the company mentioned results.
Summary Annual Report
Agiba achieved about 85,5 % of its production budget during the year (42730 BOPD actual comparing to 50.000 BOPD as budget).
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Aiming to have a successful HSE management system, we ensure to be compliant with appropriate country laws and to follow the international HSE standards through continuous performance improvement.
The Fiscal Year 2009/2010 witnessed a remarkable decrease in the exploration activity in the different development areas as a result of the international economic crisis. One deep exploratory well, Arcadia 1X, Lease to test Alam Elbueib and Khatatba targets.More
The company's management congratulates all the employees for the significant oil discovery at the Emry Deep exploration prospect, located in Meleiha Concession, in the Western Desert of Egypt, The discovery is now estimated to range between 150 and 250 million barrels of oil. The company's management seizes this opportunity to thank all the employees for their great efforts & distinguished teamwork which led to this honorable result.