The Gulf of Suez Petroleum Company (GUPCO) announced the entry of the second phase of the North Safa field development project in the Gulf of Suez into service, with investments from the UAE’s Dragon Oil, in partnership with the Egyptian General Petroleum Corporation (EGPC), according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).

This follows the  Petroleum Marine Services (PMS), an Egyptian leading offshore construction and services company,  announcement that it completed its work for phase two of the project, as it has installed the offshore platform’s production deck, including production equipment and facilities.

Current production from the North Safa field amounts to about 15,000 barrels per day (bbl/d) through five producing wells. The company is preparing to add a new well to production in the coming days, as the first outcome of the project’s second phase, with an output of 2,500 bbl/d. This supports the Ministry’s efforts to boost domestic production and reduce the import bill.

The North Safa field development project remains a major initiative to increase crude oil production, with total investments across its two phases reaching approximately $170 million. The project’s second phase achieved a milestone by completing the electrical connection between the field and the Ramadan-6 complex via a 10-kilometer subsea cable. This installation linked the field’s surface facilities to the permanent power grid, replacing previous temporary power solutions.

This is expected to save around $3,700 per day in operating costs, in addition to eliminating the use of diesel in operations. It supports the petroleum sector’s orientation toward environmental sustainability, cost rationalization, and maximizing the value of investments.