Pharaonic Petroleum Company (PhPC) achieved 100% of its production target for fiscal year (FY) 2025/26, Hossam Zaki, the company’s Chairman, said, while outlining plans to increase natural gas and condensate production by maximizing the use of existing infrastructure.
The company is also preparing to bring the Tort-6 well in the Mediterranean onto production before the end of 2026, with a targeted output of approximately 40 million cubic feet per day (mmcf/d) of natural gas.
This came during an inspection tour of Pharaonic Petroleum Company’s production site in Port Said, made by Karim Badawi, Minister of Petroleum and Mineral Resources. Badawi urged the company to expedite the connection of the offshore Harmattan gas field in the Mediterranean Sea to existing production facilities and assess technical alternatives that could shorten the project’s implementation schedule.
During the meeting, Zaki reviewed the work status of the Harmattan field development project, which targets the production of around 200 mmcf/d of natural gas and 4,400 barrels per day (bbl/d) of condensate.Badawi directed the acceleration of development work at the Harmattan field, seeking to bring the field into production as quickly as possible to support domestic natural gas supplies.
The field will be connected to the Ha’py processing facility through a 50-kilometer gas pipeline, with the Engineering for the Petroleum and Process Industries (Enppi) acting as the general contractor in cooperation with Petrojet and Petroleum Marine Services (PMS).
Harmattan is part of El Burg Offshore concession, which Arcius acquired in November 2025. The concession is operated by Arcius with a 100% interest. Arcius was established as a gas-focused joint venture between bp and XRG, the international investment arm of ADNOC, with the partners targeting gas development opportunities in Egypt and the wider Eastern Mediterranean.
In April 2026, Arcius announced a final investment decision (FID) in collaboration with EGAS, with PhPC acting on behalf of El Burg Offshore Petroleum Company to execute the project. PhPC subsequently awarded the EPCI contract to ENPPI, with PMS and Petrojet participating as subcontractors.
Badawi also highlighted the importance of applying advanced drilling and exploration technologies to improve drilling success rates and maximize the recovery of Egypt’s gas resources. He commended Pharaonic Petroleum’s exploration and field-development plans and called for continued adherence to international safety standards.
Pharaonic Petroleum had previously outlined a $449 million investment plan for fiscal year 2026/27, with Harmattan identified as a key development project. The company said the field’s initial phase would deliver 150 mmcf/d of gas and 3,300 bbl/d of condensates before reaching the higher production targets through subsequent development.
