Ganoub El Wadi Petroleum Holding Company made a new petroleum discovery 30 km from Hurghada.
This is the fourth oil discovery in souther Egypt.
The tests show that the production flow will be 430 barrels of crude oil per day.
This came as part of a report received by Petroleum Minister Sherif Ismail from Chairman of Ganoub El Wadi Petroleum Company Abu Bakr Ibrahm.