PetroGulf, a subsidiary of the South Valley Egyptian Petroleum Holding Company, has raised production from its Gulf of Suez fields to around 26,600 barrels per day.
This marks a sharp increase from about 17,000 barrels per day recorded during the current fiscal year 2025/2026. It is the company’s highest production level since its establishment in 1982.
The rise was driven by a production surge of nearly 10,000 barrels per day in just five months.
This growth followed the successful implementation of an operational plan. It included drilling a new production well, “North Geisum North-16,” which alone added around 4,000 barrels per day.
An intensive maintenance programme for existing wells in the Gulf of Suez has also contributed to the increase, adding approximately 6,750 barrels to total output per day.
