Khaled Abdelsalam, Chairman of Badr El-Din Petroleum Company (BAPETCO), presented the company’s ambitious five-year plan to double production and quadruple reserves by 2030 at a meeting headed by Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), along with BAPETCO leaders.
EGPC’s CEO called for an increase in investments to support higher production rates. He also underscored the importance of developing the skills of young employees to prepare them for future leadership roles through continuous technical and personal training.
As part of the visit, the EGPC delegation inaugurated BAPETCO’s new Real-Time Centre. The center is a key component of the company’s digital transformation efforts. It uses advanced technologies to enable real-time monitoring of drilling and production operations. It results in enhanced operational efficiency and improves the responsiveness of decision-making.
The meeting was attended by senior EGPC officials including Tamer Edrers, Vice Chairman for Production; Walid Anwar, Vice Chairman for Corporate Oversight; and Ahmed Abdu, Vice Chairman for Agreements, in addition to Alan Linn, Chief Executive Officer of Cheiron; Eleanor Rowley, Managing Director of Capricorn Energy Egypt and Board Member at BAPETCO; and Shamrendra Singh, Chief Operating Officer of Cheiron.
Earlier this month, BAPETCO made a new natural gas discovery in the Western Desert. The well, BED 15-31 in the Badr-15 area, is already online with an initial production rate of 16 million cubic feet (mmcf) of natural gas and 750 barrels per day (bbl/d) of condensate. This discovery, located in the Lower Bahariya reservoir, is expected to add approximately 15 billion cubic feet (bcf) of natural gas to Egypt’s reserves.A statement by the ministry noted that a technical reassessment of the reservoir is currently underway to determine the optimal sites for future drilling, ensuring the maximization of the country’s natural gas resources and further increasing production.
BAPETCO was formed in the early 1980s as a joint venture between Shell and EGPC.
