The IPR Energy Group (IPR) is an international organization that has been a growing force in the oil and gas industry for over four decades with headquarters in Dallas, Texas, USA, and branch offices in Cairo, Egypt, and Islamabad, Pakistan. Evolving from its roots in EOR, reservoir simulation technology, and production optimization, the IPR Energy Group offers a unique combination of expertise in all areas of the petroleum industry including exploration, production, acquisitions, management operations, integrated petroleum engineering, geological and field management, enhanced and tertiary recovery services, and oilfield services.
IPR is a multi-producing field operator and multi-exploration concession holder of various exploration and development leases and E&P concessions throughout the world, including working interest in eight concessions in Egypt, both onshore in the Western Desert and Nile Delta and offshore in the Gulf of Suez. A key region for IPR is the Western Desert, Egypt where IPR has taken marginal fields and extended the economic life for many years beyond predicted models. Key successes in 2023 include the recently announced unprecedented find of 27 ft of net pay with an average production rate of 3,300 BOPD at 36°API in the Lower Kharita reservoir, increasing production in the Yidma-Alamein field to over 6,500 BOPD and substantially raising IPR’s total output in Egypt from its eight concessions. The well was drilled utilizing the IPR-1 Drilling Rig, while testing and completion were carried out with the IPR-2 Workover Unit. This well has unlocked major potential in the Lower Kharita formation and added significant material production for IPR and the Egyptian Government.
IPR also recently announced the discovery of oil in its exploration concession in North Beni Suef where it operates the 5,060 km2 concession located in Upper Egypt near Beni Suef. The first exploration well, NBS 1X, was drilled to a depth of 8,185 ft MD after a successful drilling campaign. The well encountered multiple pay zones in the in the Abu Roash “G” formation with test rates as high as 1,120 BOPD pre-frac and 28.5°API oil. The well is currently being evaluated for early production facility (EPF) sizing and fast-track contribution to the local market. IPR is also conducting a 3D seismic program in NBS which is expected to add to an already robust inventory of prospects through enhanced subsurface imaging. Furthermore, the conductor has been driven on a second exploration well, which is expected to be completed in 4Q23.