Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, confirmed the continuation of the production enhancement program at the Zohr field in cooperation with investment partners as part of the ministry’s primary strategy. He explained that putting the Zohr-6 well into production contributed to adding about 65 million cubic feet of gas daily, with ongoing efforts to drill new wells in the field. He emphasized that the 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 fiscal year 2024/2025 results, attended by petroleum sector leaders and representatives of global investment partners including Eni, BP, Rosneft, Arcus 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 oil and gas exploration 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 fully unlock potential and increase production.

Representatives of the partners praised the success story of increasing production at Zohr field, which was achieved in a safe work 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 in Zohr field, including the Zohr-6 well which added 65 million cubic feet of gas daily. Preparations are underway for operations at Zohr-9 and drilling two new developmental wells in the current fiscal year.

In reviewing Petrobel’s results, he indicated investments exceeding $460 million for production and exploration activities. The company achieved crude oil production of about 56,000 barrels daily 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 daily using various technologies. Studies are also underway to increase production at the Abu Rudeis-Sidri field in the Gulf of Suez in cooperation with Italian company Eni, with intensified geological studies in the Gulf of Suez and Mediterranean Sea to identify and evaluate available opportunities.