Petrobakr Petroleum Company announced the commencement of development drilling at the Arta 92 well, targeting a depth of 4,000 feet. The well is expected to begin production at a rate of approximately 350 barrels of oil per day (bbl/d) upon the completion of drilling operations.

This announcement was made during a visit by Minister of Petroleum and Mineral Resources, Karim Badawi, to the company’s fields in the Ras Gharib concession area, Red Sea. The visit was part of the Minister’s efforts to monitor the implementation of work programs aimed at increasing oil and natural gas production rates.

The tour began with Minister of Petroleum and Mineral Resources, Karim Badawi, accompanied by Khaled Mounir, Chairman of Petrobakr, and Iman Hill, General Manager and Managing Director of Vaalco Energy in Egypt. During the visit, they observed the commencement of operations at the EDC64 onshore drilling rig, operated by the Egyptian Drilling Company (EDC), which is currently drilling the Arta 92 production development well for Petrobakr.

Badawi expressed his gratitude and appreciation to all workers for their efforts, highlighting their vital role in increasing Egypt’s local oil and gas production, which benefits every citizen. He also emphasized the importance of strictly adhering to occupational health and safety procedures to ensure their protection.

He also highlighted that the Ministry of Petroleum and Mineral Resources (MoPMR) and the Egyptian General Petroleum Corporation (EGPC) are committed to providing continued support and cooperation to accelerate exploratory and development drilling programs, with the goal of maximizing production.