El Hamra Oil Company,  a joint venture (JV) between the Egyptian General Petroleum Company (EGPC) and the US  IPR Energy Group, reported an average oil production rate of 4,600 barrels per day (bbl/d) during the 2025/2026 fiscal year (FY), according to the company’s results presented during its General Assembly meeting.
Chairing the meeting, Salah Abdel Karim, CEO of EGPC, praised the company’s long-standing partnership with IPR and called for further efforts to increase production.
Abdel Karim also stressed the importance of adhering to the timeline of exploration programs and drilling additional wells in the coming period. He further called for improving the implementation of safety measures and increasing employee training hours.
During the meeting, Mohamed Elmelegy, Chairman and Managing Director of Hamra Oil, and his team presented the company’s results for FY 2025/26.
The company continued its programs to revive mature fields to maximize the value of existing assets. It also implemented a program to develop and upgrade existing production facilities.
Hamra Oil began its exploration drilling campaign in July 2026 with the Zain-1X Sidetrack appraisal well. The company plans to proceed with drilling the next appraisal well, NE Yidma#01X Sidetrack, in September 2026.
During the FY, Hamra Oil began implementing a hybrid solar power plant project at the Yidma field and completed 100% of the first phase of its employee self-service automation project, while work continues upgrading its technology infrastructure.
For their part, Abdulbakr Ibrahim, Vice President and General Manager of IPR Egypt, and Marcie Goss, Senior Vice President of Finance at IPR, reaffirmed the company’s commitment to achieving the approved plan and fulfilling its obligations.
El Hamra Oil Company was established in August 2005 to be one of the main petroleum sector entities to run all exploratory and development activities over the Alamein and Yidma oil fields, aiming to increase the production potential and find new booked reserves.
