Egypt is advancing the oil and gas productions through the new wells at Bapetco, the innovation of the new technology of drilling, and the investments to expand the output and decrease reliance on imports.

Egypt is reckoning on its interest in oil and gas production and exploration to increase economic gains and cut the import bill. Karim Badawi, the Minister of Petroleum and Mineral Resources, indicated the priority in a meeting with top officials at Badr El Din Petroleum Company, also known as Bapteco.

It discussed production status, drilling programs, and compliance with health, safety, and environmental standards. The visit by Badawi also comes after a series of unscheduled field visits to monitor activities and assist companies in rising to challenges and maintaining production and exploration efforts.

Bapetco has recently launched the first Egyptian-made 17.5-inch drill bit to revolutionize the process of oil and gas drilling. This purpose-built equipment, which is almost ready, will promote efficiency and output in all the operations in the Western Desert operated by the company.

Bapetco mines were able to drill 13 new wells and repair 39 old wells to produce an average of 56000 barrels of oil equivalent per day, 190 million cubic feet of natural gas per day, and 22000 barrels of condensate in fiscal year 2024/25. Chairman Abdel Gawad attributed these achievements to intensive maintenance, technology, and excellent human resources.

In the future, the company has its eye set on spending on oil and gas production with an investment of 350 million in 2025/26, aiming at drilling 34 new wells with four rigs and possibly 47 of the wells. The strategy of Egypt focuses on ensuring local energy supplies and enhancing the petroleum sector through constant innovation, observation, and the adoption of advanced technologies.