Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, reviewed Rosetta and Burullus Company's budget, as well as that of Badr El Deen Petroleum (BAPETCO) for fiscal year 2017/2018.
Badr El Din Petroleum (Bapetco) is in talks with its foreign partner Royal Dutch Shell on linking production for a new discovery at North Alam El Shawish concession, BTE-2 well, to Badr-3 gas process facilities.
Badr El Din Petroleum (BAPETCo) rented the services of two new 1500-horespower rigs. This brings the total number of rigs employed by Bepetco to four, in an attempt to execute the company's extensive drilling strategy.
Tests results of the new discovery well BTE - 2 at Badr El-Din Petroleum's (Bapetco) Alam El Shawish concession showed a production capacity of 20mcf/d of gas and preliminary estimated reserves of 500bcf.
Badr El Din Petroleum Company's (Bapetco) brought two new wells in its fields in the Western Desert to Egypt's online. The wells have an accumulated capacity of 4500b/d of equivalent crude oil and gas.