Badr El Din Petroleum Company (Bapetco) drilled 13 new wells and carried out repairs on 39 others across its Western Desert concessions during FY2024/2025, according to Chairman Ashraf Abdel Gawad.
These efforts pushed daily output to 56,000 barrels of oil equivalent (BOE), 190 million cubic feet of gas, and 22,000 barrels of condensate.
Gawad noted that the company plans to drill eight exploratory wells, with four expected to yield high output and add 250 million barrels of crude oil reserves. The remaining four wells in the Badr-3, Badr-15, and Badr-16 blocks could contribute an additional 33 million BOE in reserves.
Looking ahead to FY2025/2026, Bapetco plans to invest $350 million to boost production by drilling 34 more wells using four rigs.
The company also intends to increase the total well count to 47 and expand its drilling fleet.
Gawad shared these updates during Bapetco’s general assembly, chaired by Petroleum Minister Karim Badawi.
Cheiron CEO Alan Linn, who attended the meeting, reaffirmed the company’s commitment to ramping up investment.
He highlighted Cheiron’s focus on raising output, adopting advanced technologies, and maximizing the efficiency of existing assets.
Linn added that Cheiron aims to widen its exploration footprint and introduce more rigs to support new drilling projects, reinforcing its long-term growth plans in Egypt’s oil sector.
source: www.zawya.com
African Energy Council