Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), announced an ambitious five-year strategy by Badr El-Din Petroleum Company (BAPETCO) that aims to double production and quadruple reserves by 2030. The announcement came during a meeting with BAPETCO leaders, which also included the inauguration of the company’s new Real Time Center for drilling and production monitoring.
Khaled Abdelsalam, BAPETCO Chairman, presented the company’s five-year strategy, which he highlighted as vital for the sector’s growth. EGPC’s CEO called for an increase in investments to support higher production rates. He also underscored the importance of developing young talent to prepare them for future leadership roles through continuous technical and personal training.
As part of the visit, the EGPC delegation inaugurated BAPETCO’s new Real Time Center. The center is a key component of the company’s digital transformation efforts. It uses advanced technologies to enable real-time monitoring of drilling and production operations. It results in enhanced operational efficiency and improves the responsiveness of decision-making.
Earlier this month, BAPETCO made a new natural gas discovery in the Western Desert. The well, BED 15-31 in the Badr-15 area, is already online with an initial production rate of 16 million cubic feet (mmcf) of natural gas and 750 barrels per day (bbl/d) of condensate. This discovery, located in the Lower Bahariya reservoir, is expected to add approximately 15 billion cubic feet (bcf) of natural gas to Egypt’s reserves.
A statement by the ministry noted that a technical reassessment of the reservoir is currently underway to determine the optimal sites for future drilling, ensuring the maximization of the country’s natural gas resources and further increasing production.