Farah Petroleum (PetroFarah) recorded average production of around 10,500 barrels of oil equivalent per day (boe/d) during fiscal year 2025/26, while advancing drilling, development, cost‑optimization and operational efficiency programs, Chairman Tamer Idris said.
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), chaired the joint general assembly meeting for both PetroFarah and Borg El Arab Petroleum Company. During the meeting, Idris noted that PetroFarah drilled 15 wells (13 development and two exploration) and brought 14 online, adding that the company also achieved positive results from well workover and recompletion activities.
PetroFarah increased its reserves to more than 11 million barrels of oil equivalent (mmboe) and began a 3D seismic survey covering 220 square kilometers to support future exploration opportunities.
Abdel Kerim praised the company’s partnership with the United Energy Group (UEG), a leading independent integrated energy group, and its support for partners: Croatia’s INA – Industrija Nafte d.d. and the UK-based Dana Petroleum in the Ras Qattara and Raml areas, respectively. PetroFarah is the central operator managing daily field infrastructure and drilling across the two areas. Meanwhile, UEG holds primary concession rights and provides major capital backing. INA (Ras Qattara) and Dana Petroleum (Raml) hold working equity stakes and co-fund exploration alongside UEG.
The meeting also commended PetroFarah’s development efforts with partners in Borg El Arab and its support for increasing production and developing promising petroleum opportunities.
PetroFarah has completed five projects, including the first phase of the Fajr Central Processing Plant, and achieved financial savings of around $3.8 million. Investments reached approximately $90.67 million, contributing to lower production costs.
The General Assembly called for urgent technical and operational measures to improve production, particularly in the Raml area, and directed PetroFarah to submit a comprehensive technical and financial proposal covering a work program and capital investments to support the renewal and extension of the concession agreement.
The company’s priorities include completing ongoing projects, accelerating seismic activities, maximizing exploration and development opportunities, controlling costs, improving energy efficiency, and optimizing asset value while maintaining safety and operational efficiency.
PetroFarah is an Egyptian upstream oil and gas operating company established in April 2021 as a joint venture (JV) between Egypt’s EGPC and Apex International Energy. It operates exploration, development, and production activities mainly in Egypt’s Western Desert, including the Southeast Meleiha, Ras Qattara, West Razzak, and West Abu Gharadig areas.
