Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, confirmed the continuation of the production improvement program at the Zohr gas field in cooperation with investment partners as part of the ministry’s first strategic axis. He explained that putting the Zohr-6 well into production contributed about 65 million cubic feet of gas per day, with ongoing efforts to drill new wells in the field. He emphasized that Zohr field is an integral part of every Egyptian household due to its role in securing a significant portion of the local market’s natural gas needs.

This was stated during the general assemblies of Petrobel and Petroshorouk companies to approve the financial year 2024/2025 results, attended by petroleum sector leaders and representatives of global investment partners including Eni, BP, Rosneft, Arkeus Energy, and Mubadala.

Badawi praised the efforts of investment partners and field workers to increase production, implement plans, and adhere to safety and environmental standards.

The assemblies included a proposal to expand exploration and drilling at greater depths based on seismic research to determine feasibility. The minister directed comprehensive studies and the development of long-term scenarios as solutions to unlock full potential and increase production.

Representatives of the partners praised the success story of increasing production at Zohr field, achieved in a safe working environment despite intensified activities.

During the Petroshorouk assembly, Engineer Khaled Mowafi, company president, reviewed key results, noting new investments of $569 million over the year and the implementation of a work program at Zohr field, including the Zohr-6 well which added 65 million cubic feet of gas per day. Preparations are underway for work on Zohr-9 well and drilling two new developmental wells in the current fiscal year.

In reviewing Petrobel’s results, he pointed out investments exceeding $460 million in production and exploration activities. The company achieved crude oil production of about 56,000 barrels per day in the Nile Delta and Sinai, facing challenges from aging fields up to 70 years old. Three new wells were added in Sinai fields producing 4,700 barrels daily, alongside an intensive well maintenance program to improve productivity of 96 wells by nearly 6,000 barrels per day using various technologies. Studies are ongoing to increase production at Abu Rudeis-Sidri field in the Gulf of Suez in cooperation with Italy’s Eni, with intensified geological studies in the Gulf of Suez and Mediterranean to identify and evaluate available opportunities.