A significant leap in the production of the Badr-1 concession area was achieved by Badr Petroleum Company in fiscal year (FY) 2024/2025, chairman Ibrahim Massoud revealed at the company’s general assembly reviewing the year’s financial results. He added that execution reached 143% of the targeted plan, resulting in a total daily output of 6,440 barrels of oil equivalent (boe). Moreover, two exploratory wells and two development wells were drilled, which helped enhance production and increase capacity, while also adding approximately 10 million barrels (mmbbl) of confirmed oil equivalent reserves.

Karim Badawi, the Minister of Petroleum and Mineral Resources, praised the company for the boost in production rates. He noted that the ministry and the Egyptian General Petroleum Corporation (EGPC) are both ready to provide full support to accelerate putting discovered wells into production.

For his part, Salah Abdel Kerim, chairman of EGPC, said that Badr Petroleum ranks first among the top five companies that achieved the highest production increases this year, alongside Petrosannan, Alamein, Borg El Arab, and Khalda Petroleum.

Badr Petroleum Company is a joint venture established between Shell Egypt N.V and the Egyptian General Petroleum Corporation (EGPC) in 1983. Its primary operations are focused on the exploration and production of oil and gas in Egypt’s Western Desert.