Agiba Petroleum Company brought the “Arcadia-28” well online on July 19, 2025. The well, targeting the “Masajid Carbonate” formation, was commissioned after a precise acid stimulation operation, similar to techniques used in the “Iris” well.
As a direct result of its efforts, the company added an estimated 4,100 barrels of oil equivalent per day (boe/d) to its production capacity. This reflects the effectiveness of the ongoing development and expansion initiatives within the company’s concession areas, according to the Ministry of Petroleum and Mineral Resources’ statement.
The step aligns with the Ministry of Petroleum and Mineral Resources’ first strategic pillar to maximize domestic petroleum production.
