Agiba Petroleum Company is an Egyptian upstream oil and gas company focused on the exploration, development, and production of hydrocarbons in the Western Desert.
Established in 1981, it operates as a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Eni through its subsidiary IEOC Production, with additional historical shareholders including Lukoil and others. The company manages concessions such as the Merged Meleiha area and serves as operator or agent for related entities including Ashrafi Island Petroleum Company and Ras Qattara Petroleum Company.
Its main activities include drilling development and exploration wells, operating production facilities, and building infrastructure such as gas treatment plants and pipelines. Key production fields encompass Melehia, Faras, Raml, Zarif, Aghar, and Ashrafi, yielding crude oil and natural gas. Recent performance includes average outputs above 40,000 barrels of oil equivalent per day, with peaks near 44,000 boe/d and ongoing campaigns targeting the Masajid formation and other reservoirs.
Agiba plays a significant role in Egypt's energy sector by supporting national production goals, monetizing resources through projects like the Meleiha Phase 2 gas hub, and maintaining partnerships that enhance operational efficiency and reserves in the prolific Western Desert basin.
Also known as Agiba Petroleum Co SAE.
None yet. When a new project in the record names Agiba as owner, partner or investor, it shows here.
Start-up begins on Phase 2 facility to process up to 100 million scf/d, adding wells, gathering systems and a dedicated export pipeline to boost domestic gas supply.
Start-up begins for Meleiha Phase 2 in the Merged Meleiha concession; facility will process up to 100 million standard cubic feet per day and links new wells to Egypt’s gas network.
