Established in 2006, Kuwait Energy Egypt has over of 16 years in the onshore upstream oil and gas sector focusing on the investment and operation of oil and natural gas and built a high quality and diversified portfolio consisting of four producing assets with exploration prospects, three of which are operated by Kuwait Energy Egypt with remarkable track record to turnaround previously under-performing assets to high producers and cash generators contributing significantly in the total level of the oil production of the country.
With the four producing assets, Kuwait Energy Egypt has rapidly grown its production and reserve base since inception with strategic outlook to contribute with 10% of total Egypt production within five years and drilled 155 wells with best in class drilling performance, including 62 exploration wells with 56% exploration success rate and non-productive time less than 2% and 93 development wells. Since Inception, Kuwait Energy Egypt has invested approximately of $1.14 billion in the country to date and will continually working and investing to add production from existing and future discoveries. United Energy Egypt, sister company, has been awarded Block-11 in the recent Egyptian digital bid round to add more exploration upside potential to Egypt portfolio.
Kuwait Energy Egypt is one of the lowest cost operators in Egypt with cost saving driven operations to survive with fields depletions, complicated operations and production challenges with highest market technologies in cost effective manner.
Kuwait Energy Egypt strives to maintain a strong, focused safety culture assuring the health and safety of employees, contractors, public safety and visitors by delivering safe, reliable, efficient and compliant operations as well as workplace free of hazards. Creating a safety culture that targets zero harm, it recognizes those who contribute to improve HSSE performance, holds ongoing trainings for new and existing teammates and controls emissions, waste and discharge.
Kuwait Energy Egypt is committed that operations create value and opportunity for local communities and drive positive and lasting Environmental, Social and Governance change in the communities where it operates. Kuwait Energy Egypt develops progress and support sustainable development focusing in empowering women and youth entrepreneurs and contributes to the well-being and health of the local communities. Kuwait Energy Egypt has provided opportunities for >22K youth beneficiaries, 1055 women beneficiaries, >378K learning hours, >29K impacted patients with a total of >104K impacted beneficiaries to date.
Kuwait Energy Egypt won respectively the EGYPS 2019 HSE Excellence in Energy Award in outstanding and impactful HSE projects and programmes and EOG 2019 Operational Excellence Award in successful use of gas compression in Western Desert to reduce gas flaring. It has been awarded the EOG 2021 Operational Excellence Award in brownfield award for renovation of Area A field. It has also received the ISO 14001:2015 along with 45001-2018. Currently, Kuwait Energy Egypt is shortlisted in the EGYPS 2022 Best Environmental Project of the Year Award.
Kuwait Energy Egypt will continue to provide a wide-range of social development programs and investment in the country’s people capabilities and to continually support Egypt economy and growth.