A press release to Egypt Oil&Gas stated that Badr El Din Petroleum Company’s (Bapetco) CEO, Emad Hamdy, reported to the Egyptian Minister of Petoleum, Tarek El Molla, that the company brought two new wells in its fields in the Western Desert to Egypt’s online. The wells have an accumulated capacity of 4500b/d of equivalent crude oil and gas.
The first well, Bed2sw, is producing 12mcf/d of gas, while the second one, Bed3c-18-2, is producing 2500cfd of crude oil. Bapetco’s assets in Egypt’s Western Desert have high oil and gas exploration potentials. Additionally, Bapetco had recently commissioned advanced new drilling rigs that were deployed at new exploration areas.
Egypt Oil&Gas reported earlier that an official with the Egyptian General Petroleum Corporation (EGPC) had stated that Egypt planned to increase production of crude oil and condensates from 690,000b/d to 707,000b/d by the end of fiscal year 2016/2017. This increase would come as a result of linking new wells to production.