Offshore Shukheir oil Company (OSOCO) and Mansoura Petroleum Company succeeded in producing 1.3 million barrels of oil equivalent during the first half of 2024/25, at an average of 6,900 barrels of oil equivalent per day (boe/d).

The company’s Chairman, Walid El-Aasar reviewed what was accomplished in the first half of fiscal year (FY) 2024/25, as the company succeeded in achieving about 1.3 million safe working hours for workers.

This came during the work of the ordinary and extraordinary general assembly for the amended budget for FY 2024/25 and the proposed budget FY 2025/26, headed by Eng. Salah Abdel Abdelkerim, CEO of the Petroleum Authority.

OSOCO and Mansoura Company has developed an ambitious exploration plan to add new crude oil reserves by drilling two exploration wells during the amended budget and the proposed budget.

In the context of the company’s keenness to increase production rates, the company has developed an intensive work program for re-completion operations and drilling development wells in the company’s various areas, according to the amended budget and the proposed budget.

This plan for FY 2025/26 targets the production of 8,000 barrels per day of crude oil, 15 million cubic feet per day (mcf/d) of gas, and 230 barrels per day of condensates.