GUPCO | Egypt Oil & Gas

GUPCO to Invest $586M, Increase Production to 72,000 bbl/d in FY 2024/25

Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the general assembly of the Gulf of Suez Petroleum Company (GUPCO) to approve the new investment budget for the next fiscal year (FY) 2024/2 ...

GUPCO Kicks Off Production at North Safa Oil Field in Gulf of Suez

The Gulf of Suez Petroleum Company (GUPCO) succeeded in placing the first well of the North Safa oil field in the northeastern Ramadan region in the Gulf of Suez on the production map at the beginning of the new y ...

GUPCO Production Reaches 56,200 bbl/d of Oil in FY 2022/23

This came during the General Assembly meeting to approve the business results of the Gulf of Suez Petroleum Company's (GUPCO) for the fiscal year 2022/23.

GUPCO to Invest $588M to Enhance Production Efficiency During FY 2023/24

Chairman of Gulf of Suez Petroleum Company's (GUPCO) Salah Abdel Kareem stated that his company has a plan to invest $588 million during the fiscal year (FY) 2023/24 to enhance petroleum production rates to reach ...

El Molla Approves GUPCO, Agiba, Pharaonic Petroleum Companies 2022/23 Budget Plans

El Molla pointed out the importance of continuing to increase exploration and discovery activities and drilling wells in order to increase production rates of crude oil and natural gas and to compensate for the na ...

El Molla Lays Foundation Stone for GPC’s Integrated Plant

Minister of Petroleum and Mineral Resources, Tarek El Molla, laid the foundation stone for the General Petroleum Company (GPC)'s project to convert the Hamad onshore station into an integrated treatment plant at a ...

El Molla Follows Up on Oil, Gas Projects in Gulf of Suez, Ras Ghareb

The projects visited by El Molla included new production facilities for the GUPCO and GPC to follow up work programs and development plans to increase production rates and support the volume of oil and gas reserve ...

GUPCO Produces 61,000 b/d Crude Oil in 2020/21

GUPCO drilled 7 new wells, of which the most recent were added to production during Q1 2021/22 with a 1000 b/d crude oil production rate.

New Transfers Movement in Petroleum Sector

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has issued a new transfers movement among the petroleum sector to support the petroleum companies and sites with the needed competences and expertis ...

GUPCO to Invest $562 MM in FY 2020/21

The Chairman of Gulf of Suez Petroleum Company (GUPCO), Mohamed El Meligy, stated that the company has allocated $562 million its planning budget for the fiscal year (FY) 2020/2021 for investments to implement pro ...

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