Rashid Petroleum Company (Rashpetco) exceeded its production plan by 4% during the second half (H2) of 2025, although the specific numerical targets of the original plan were not disclosed in the official statement.  Mohamed Degheidy, chairman of Rashpetco, announced that this performance was driven by the early entry of Phase 11 West Delta Deep Marine (WDDM) wells and operational efficiency gains that added 10 million cubic feet per day (mmcf/d) to the company’s output.

Moreover, the company recorded an average production of 366 million cubic feet per day (mmcf/d) of natural gas and over 6,100 barrels of condensates, totaling 69,000 barrels of oil equivalent per day (boe/d).

The results were disclosed during a general assembly chaired by Karim Badawi, Minister of Petroleum and Mineral Resources, to review the H2 2025 operations of both Rashpetco and Burullus Gas Company.

Both Rashpetco and Burullus operate as joint ventures (JVs) between the Egyptian General Petroleum Corporation (EGPC) and international partners, under the strategic oversight of the Egyptian Natural Gas Holding Company (EGAS). They manage integrated projects within the WDDM area. By sharing infrastructure and development phases, these entities work together to maximize production efficiency. Burullus oversees operations in the WDDM concession alongside Shell and Petronas.

During the assembly, Badawi emphasized that technologies such as 4D seismic and ocean-bottom node (OBN) surveys are cornerstones for maximizing Egypt’s natural gas resources. He noted that the Ministry of Petroleum and Mineral Resources (MoPMR) is studying programs to expand these technologies to provide more accurate data for investors and reduce investment risk. The minister also directed the company to fast-track the development of the Sirius well, discovered by Shell in the North-East Alameya block.

Dalia El Gabry, Vice President and Country Chair of Shell Egypt, confirmed the company’s focus on offshore fields, noting the West Mina field is scheduled for production in the fourth quarter Q4 2026. Degheidy added that drilling at West Mina-2 is advancing with a target to add 160 mmcf/d.

Additionally, Rashpetco is preparing for the $350 million Phase 12-A project, which involves drilling three new wells starting in the first quarter (Q1) of 2027.