The Egyptian General Petroleum Corporation (EGPC) and the International Egyptian Oil Company (IEOC), an Eni affiliate, announced that their joint ventures, Belayim Petroleum Company (PETROBEL) and Agiba, have surpassed a combined production of 110,000 barrels per day (bbl/d) of petroleum liquids.
Production from the Sinai concession area has exceeded 60,000 bbl/d of oil, a level not reached since 2023. This achievement is primarily attributed to the successful startup of the West Ferran-2 well, with a potential output of around 4,000 bbl/d of oil, in addition to the positive results from recent onshore and offshore maintenance campaigns.
The Agiba Petroleum concession areas in the Western Desert have also seen a significant production contribution over the past few weeks, exceeding 30,000 bbl/d of oil.
This growth is driven by the startup of new wells such as Mel-123 and SMel-C4, along with successful maintenance operations and non-rig interventions at wells MWD-8 and Zahra-7, contributing with an additional 4,000 bbl/d of oil, and associated gas production exceeding 5 million cubic feet per day (mmcf/d).
Agiba Petroleum Company and its partners, IEOC and EGPC, continue to enhance their approach using advanced geological reservoir models and a strong commitment to integrated teamwork. The results they achieved underscore the effectiveness of the asset optimization strategy and their strong commitment to maintaining high production performance across various concession areas.
The extensive use of innovative technologies has also helped boost the companies’ production, as they enabled the recovery of production from long-shut wells that were otherwise considered non-viable using conventional methods.
In addition, IEOC benefits from strong contributions in condensate production through its joint ventures, as well as oil production from its non-operated assets, adding approximately 20,000 barrels of liquids per day. This brought the total daily production of liquids to over 110,000 barrels per day, with full commitment to maintaining this momentum and enhancing future asset performance.
