Khalda Petroleum, Belayim Petroleum Company (Petrobel), and the Gulf of Suez Petroleum Company (GUPCO) have made three new oil and gas discoveries in their concession areas in the Western Desert and the Gulf of Suez.
Minister of Petroleum and Mineral Resources, Karim Badawi, issued a resolution for the assignment and transfer of some senior employees and leaders at the ministry and its affiliated companies and authorities. This comes within the ministry's strategy for promoting production and intensifying drilling and exploration programs to meet the local needs of petroleum products. To reach this goal, the minister meant to make the utmost utilization of the distinguished experts of the sector.
The Vice Executive Managing Director For Production and Fields Development of the Egyptian Natural Gas Holding Company (EGAS), Abdel Nasser Khafagy, Chairman of Belayim Petroleum Company (Petrobel), Khaled Mowafy, and representatives of Baker Hughes, have conducted an inspection visit to the Nexans global plant in Halden, Norway, to follow up on the manufacturing of the giant subsea power cable for the southern area of the Zohr Field–a pivotal step in maintaining the sustainability of well operations and production rates from the field.
PMS (Petroleum Marine Services) showcased remarkable achievements in 2024, including a record $262.7 million in revenue driven by its strategic focus on deep-water projects, regional cooperation, and operational efficiency. The company played a pivotal role in Egypt’s oil and gas sector by providing integrated marine services that adhere to international standards. Key highlights include the successful implementation of major offshore projects, expansion into new markets like Saudi Arabia and the UAE, and adopting cutting-edge digital technologies such as Digital Twins and real-time monitoring.
Under the patronage of Minister of Petroleum and Mineral Resources Karim Badawi, the workers at the Abu Madi site in the Nile Delta celebrated the golden jubilee marking 50 years of oil and gas contribution to the Nile Delta fields region.
Belayim Petroleum Company (Petrobel) Chairman Khaled Mowafy received the EGPC Deputy Chairman for Production Tamer Idris, Deputy CEO for Agreements & Exploration at EGPC Mohamed Mohy, President of IEOC, Francesco Gaspari, and other officials in the frame of conducting a field visit to the Sinai oil fields Abu Rudeis operated by Petrobel.
During the general assembly meeting, the Chairman of Belayim Petroleum Company (Petrobel) Khaled Mowafy affirmed the resumption of drilling at the Zohr field after the arrival of the Saipem 10000 drilling rig in Egyptian waters. Regarding Petroshrouk, Mowafy explained that $320 million has been allocated for operations.
Belayim Petroleum Company (Petrobel) has won first place in the National Initiative for Smart Green Projects in the Sinai region.
Within the framework of the efforts of the Ministry of Petroleum and Mineral Resources (MoPMR) to increase and maximize production, boost the efficiency of petroleum tank management, and exchange experiences between production companies, the Production Department at the Egyptian General Petroleum Corporation (EGPC) has organized a two-day workshop with the participation of the Exploration & Agreements Department.
