production | Egypt Oil & Gas - Part 5
ADNOC Adjust Oil Flows as Strait of Hormuz Disruptions Strain Storage Capacity
Abu Dhabi National Oil Company (ADNOC) said that it is modifying offshore production levels to manage storage constraints triggered by the ongoing conflict between the US, Israel and Iran, while onshore production fac...
Petrobel Brings Belayim Offshore 133 Well Online
Petrobel, the joint venture (JV) between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of ...
Fitch Solutions: Egypt’s Natural Gas Production to Rise 8% YoY in 2026
Fitch Solutions expects Egypt’s annual natural gas production to increase by 8% Year-on-Year (YoY) in 2026 compared to 2025, to reach 46.6 billion cubic meters (bcm). This growth follows a production decline to 43.1 b...
GUPCO Targets 75,000 bbl/d of Oil in 2026/27
The Gulf of Suez Petroleum Company’s (GUPCO) aims to increase its production from 65,000 barrels of oil per day (bbl/d) currently to 75,000 bbl/d in fiscal year (FY) 2026/27, Abdul Wahab El-Maghawry, the company’...
PetroBakr Unveils $121 Million Investment Plan for 2026/27
Petrobakr and South Ghazalat Petroleum Companies plan a total investment of $121 million for the fiscal year (FY) 2026/27, targeting a daily crude oil output of 14,000 barrels, Khaled Mounir, Chairman of Petrobakr, to...
Western Desert Discoveries Add 34 mmcf/d of Gas and 5,200 bbl/d of Crude
Four petroleum sector companies have successfully made discoveries in the Western Desert, yielding a total estimated production of over 5,200 barrels per day (bbl/d) of crude oil and condensates, alongside approximate... Venezuela Expects Oil Investments of $1.4 Bn Under Production-Sharing Contracts in 2026
Venezuela expects to attract around $1.4 billion in investment this year in projects operating under oil production-sharing contracts (PSCs) promoted by the government, up from about $900 million last year, Interim Pr...
Egypt Boosts Dana Gas Production by 27mmscf/d during 2025
Dana Gas, the Middle East’s leading private natural gas company, has drilled four wells in Egypt throughout 2025 and completed a workover program across three additional wells, boosting the total production of ...
