PetroGulf Misr has successfully implemented an advanced drilling model at the GNN-16 well in the Gulf of Suez, reducing operational costs by $700,000 and shortening the drilling timeline by 5.5 days, according to a Ministry of Petroleum and Mineral Resources (MoMPR) statement.

The technical breakthrough was achieved through a joint task force between PetroGulf Misr and the Egyptian General Petroleum Corporation (EGPC). The team re-engineered the traditional well design into a more flexible and efficient model by consolidating two drilling stages into a single phase and eliminating the need for casing installation.

This streamlined approach is anticipated to increase PetroGulf’s total production to over 30,000 barrels per day (bbl/d). The success of the GNN-16 well underscores the MoMPR’s strategy to maximise operational efficiency and reduce production costs through unconventional engineering solutions.

PetroGulf Misr is a joint venture operating company between the EGPC, Pico GOS Petroleum Company Limited (an affiliate of Cheiron Energy), and KUFPEC Egypt Limited. The company manages several strategic assets in the Gulf of Suez, including the North Geisum, South Geisum, and Tawila West fields.