Unlocking Value in The Deep: PETRONAS Expands Egypt’s Offshore Gas Frontier – An interview with Hany Esmat Ibrahim, CEO and Country Chair, PETRONAS Egypt

Unlocking Value in The Deep: PETRONAS Expands Egypt’s Offshore Gas Frontier – An interview with Hany Esmat Ibrahim, CEO and Country Chair, PETRONAS Egypt

PETRONAS has achieved a lot over the past years. What are some of the key highlights, especially in exploration and production?

PETRONAS, through its subsidiary PICL (Egypt) Corporation Limited (PICLE), has built a long-standing relationship with Egypt for more than 22 years, following its entry into the West Delta Deep Marine (WDDM) concession in the Mediterranean Sea and participation in the country’s LNG value chain through a significant stake in the Egyptian LNG (ELNG) plant in Idku, a facility with two liquefaction trains and a combined capacity of 7.2 million tonnes per annum.

This integrated gas development project has been an important part of PETRONAS’ international portfolio, underscoring our confidence in Egypt’s strategic role as both a gateway to global energy markets and a growing domestic demand center.

Over the years, PICLE continued to invest in exploration and development in Egypt, successfully drilling and completing offshore wells to sustain production and unlock new resources. Most recently, with the completion of Phase 11 in August 2025, WDDM achieved a major milestone — reaching 400 million standard cubic feet per day (MMscfd) of gas production.

Looking ahead, PICLE remains aligned with PETRONAS’ broader commitment to delivering integrated, lower-carbon energy solutions.

What are the company’s investment plans in Egypt, and how does the government support them?

In FY2024/2025, together with our partner Shell Egypt, PICLE advanced WDDM Phase 10 and Phase 11 — completed ahead of schedule and below budget. These phases added around 260–280 MMscfd of gas. With Phase 11 completed in August 2025, WDDM’s output reached 400 MMscfd, reinforcing the asset’s role as a material gas producer in Egypt.

We also acknowledge the constructive role of EGPC and EGAS, whose collaboration and facilitation have supported timely project execution and long-term value creation.

What are the updates for the West Delta Deep Marine Project after bringing onstream six wells? And what does PETRONAS plan to do next after the development of the 10th and 11th phases?

For the first time in Egypt, we in Burullus successfully completed a 4D seismic survey in the West Delta Deep Marine (WDDM) concession, covering approximately 2,300 square kilometers offshore. This advanced technology provides a much clearer picture of the subsurface, allowing us to identify remaining hydrocarbon potential and significantly reduce risks for future drilling.

The results from this survey will serve as a foundation for upcoming development phases. We expect the processing and interpretation to be completed by Q2 2026, and we are optimistic that the insights gained will unlock further value for both Egypt and PETRONAS in the years ahead.

As a shareholder in the Egyptian LNG project at Idku, how do you see Egypt’s growing role as a regional LNG hub, and how does PETRONAS contribute?

We see Egypt as having strong potential to further establish itself as a regional energy hub, not only in LNG but across the broader gas value chain. Its strategic location in the East Mediterranean and sizeable domestic market create a natural advantage, especially as several major gas discoveries have been made within the region. With our world-class assets like ELNG and extensive offshore infrastructure, PETRONAS is well-positioned to play a pivotal role in the regional gas landscape—whether by transporting and processing gas for Egypt’s domestic needs or exporting LNG to global markets

What key measures does PETRONAS implement to reduce emissions and enhance efficiency across its operations?

PETRONAS is deeply committed to reducing emissions and enhancing efficiency across all our global operations, including here in Egypt. We are taking concrete steps such as eliminating routine flaring, reducing methane emissions, and implementing energy efficiency initiatives across our facilities.

Furthermore, we are embracing cleaner technologies, electrifying operations where feasible, and investing in carbon capture, utilization, and storage (CCUS) as well as renewable energy solutions. Back home in Malaysia, we are advancing an initiative to utilize green power to the PETRONAS LNG Complex (PLC) in Bintulu, Sarawak. Through this initiative, the facility will utilize hydroelectric power to gradually replace gas turbine-driven power generation, further reducing our GHG emissions and carbon footprint.

These initiatives are guided by our Net Zero Carbon Emissions by 2050 aspiration, ensuring that we consistently apply the highest operational and environmental standards wherever we operate.

Social responsibility is a core part of PETRONAS’ initiatives. How is PETRONAS empowering local communities and supporting Egypt’s Vision 2030 goals?

PETRONAS is committed to empowering local communities through a range of corporate social responsibility (CSR) initiatives. One recent effort was equipping a public school with a state-of-the-art computer lab, providing more than 1,600 students with access to digital learning and essential technology skills, an initiative that was acknowledged by Egypt’s Ministry of Education.

Through our joint venture, Rashpetco, and the flagship “Project NOOR,” PETRONAS further supports education and youth development by enhancing school infrastructure, supplying recycled desks, and delivering vocational carpentry training. In addition, these education-focused initiatives are further complemented by environmental awareness programs and ongoing facility upgrades, reflecting the company’s dedication to long-term, sustainable development.

These initiatives reflect a continuation of values that have guided us for many years. In Malaysia, for example, programs such as the MLNG Bestari Program which supports rural school development and upgrading, alongside extensive education sponsorships, have been an integral part of how we give back to communities.

Through these combined investments in education, skills development, and community infrastructure, PETRONAS, through its subsidery in Egypt , reaffirms its commitment in supporting the country’s broader aspirations under Vision 2030, fostering a more sustainable and inclusive future for all.

 

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password