Egyptian Oil Companies Meet Production Targets Amid Focus on Growth

The Egyptian General Petroleum Corporation's CEO, Salah Abdel Kerim, reviewed PetroZenima and Alamein Petroleum's FY 2025/26 results. The companies are focusing on production growth, reserve development, and asset safety under the sector's 5-year production plan.

At PetroZenima's general assembly, Tarek Abdel Fattah stated that they're using new exploration studies to develop remaining reserves of around 4 million barrels in the Nukhul and limestone formations. Meanwhile, Hafez El-Shamy presented Alamein Petroleum's FY 2025/26 results, noting that they produced 613,200 barrels from the Horus and East Abu Sennan fields during the year.

East Abu Sennan production reached a record of around 1,800 barrels per day before increasing to 2,400 bbl/d currently. Alamein Petroleum spent $37 million during the year on four exploration and development wells, while recording 2.7 million safe working hours.