Rashid Petroleum (Rashpetco) and Burullus Gas companies are planning to increase the average production to 320 million cubic feet per day (mmcf/d) of natural gas during the fiscal year 2024- 2025, exceeding the production of the previous year that recorded 222 million cubic feet per day (mmcf/d).
Minister of Petroleum and Mineral Resources Karim Badawi said that integrating new gas wells within the 10th phase of the West Delta Deep Marine (WDDM) development area into the production map and their connection to the national natural gas network represents a significant milestone as regarding implementing the first track of the Petroleum Ministry to boost Egypt’s natural gas production.
The minister made the remarks during the General Assembly meeting of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company to discuss and approve the amended investment budget for the fiscal year 2024-2025, as well as the new budget for FY 2025-2026.
Badawi commended the confidence of investment partners in the opportunities and potential offered by the WDDM area.
The minister hailed using 4D seismic survey technology for the first time that is envisaged to contribute to reducing exploration risks and enhance opportunities to reach new natural gas reservoirs in deep waters, and subsequently supporting the Ministry’s plans to increase natural gas reserves and production.
During the meeting, Director of Shell Egypt Dalia el Gabry highlighted the key gas potentials and possibilities that the WDDM area still holds.
She added that studies and analyses are ongoing in this promising region to exploit these potentials, particularly through the implementation of the 4D seismic survey.
Meanwhile, CEO and Country Head of PETRONAS Egypt Hani Esmat said that Petronas believe in the potential and opportunities in the WDDM area.
He expressed appreciation for the petroleum minister’s support in overcoming challenges and accelerating the tenth and eleventh phases of gas production.
For his part, Rashpetco and Burullus Chairman Mohamed Samir said that the companies recorded over 21 million safe working hours without lost-time injuries during 2024, reflecting commitment to occupational safety and health standards as well as operational safety.
He added that both companies managed to place the tenth phase wells of the WDDM development project on the production map, with a total of three wells achieving a daily production rate of 160 million cubic feet of gas (mscf) and 2,000 barrels of condensates.
