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Egypt- PetroSilah invests $55m for petroleum exploration
MENAFN Daily News Published in Albawaba on 08 - 01 - 2017

PetroSilah Petroleum Company aims to invest about 55m for research and exploration of petroleum and natural gas in its concession areas in Fayoum during 2017.
Taher Abdel Rahim, the company's chairperson, told Daily News Egypt that about six wells will be drilled during the second half of this fiscal year (FY). They are divided into four development wells and two exploration wells to increase the production rates of gas and to compensate for the natural decline of production.

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