General Petroleum Company’s (GPC) production rate jumped to 74,000 barrels of oil equivalent per day (boe/d), setting a new record for the company since its establishment in 1957.
This development was highlighted during the general assembly meeting chaired by Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s performance in 2020/21, the ministry said in a statement.
El Molla thanked the workers of the company for their achievement and urged the company administration to expand its scope of work and explore new concession areas in order to sustain the increased production rates.
For his part, GPC’s Chairman Nabil Abdelsadek reviewed some of the most important accomplishments of the company, referring to the new 7 oil discoveries in concession areas and the digging of 78 new oil wells.
As for the new projects, Abdelsadek explained that Early Production Facilities (EPFs) will enable them to put South-East Hamad and HH-33/2 fields into production at an initial rate of approximately 4,700 barrels per day. He added that the construction of the oil shipping line from Sinan gathering station to El Hamra port is underway. Also, the electric supply system of the berths in Amer Fields 4 and 6 is under construction.