Egypt Advances Upstream Growth with Four New Exploration Agreements
Egypt's latest exploration agreements reinforce...
Monday, 03 August 2026
Drilling operations in four exploratory wells in the Western Desert yielded positive results, adding approximately 4,500 barrels per day (bbl/d) of crude oil and 2.6 million standard cubic feet per day (mmscf/d) of natural gas to domestic production, according to the Ministry of Petroleum and Mineral Resources (MoPMR).
Tharwa Petroleum Company achieved a discovery at the EAS Z-3 well in the East Abu Sennan concession, yielding an initial production rate of 1,500 bbl/d. Testing is ongoing to evaluate the total reserve size.
Chairman Mahmoud Abdel Hamid noted in May 2025 that the company increased its proven petroleum reserves in the area by approximately 3.5 million barrels.
Borg El Arab Petroleum Company (BURAPETCO) also reported a discovery at the AS Z-2X well within the Abu Sennan development area. Test results showed production rates of 1,305 bbl/d of crude oil and 0.9 mmscf/d of associated natural gas.
BURAPETCO Chairman Sami El Shahat has previously stated that $43.8 million has been allocated to complete exploratory projects and maximize economic returns.
Additionally, Khalda Petroleum Company, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache, made two discoveries in the SULTAN S-1X RC and ALEX NW-1X wells. Combined production from these wells exceeds 1,500 bbl/d of crude oil and 1.7 mmscf/d of natural gas.
Driven by the ministry’s incentive packages, Khalda successfully made 23 oil discoveries during FY 2024/25, exceeding its annual targets.
