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Petrosannan Exceeds Oil and Gas Production Targets in FY2025/2026

Guavy AI Editorial Team
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Petrosannan Company exceeded its oil and gas production targets in fiscal year (FY) 2025/2026, thanks to investments of $30.69 million.

The company's Chairman, Ayman El-Morshedy, noted that Petrosannan achieved 101% of its oil and condensate production target, reaching 3,000 barrels per day (bpd).

In addition to exceeding its oil production targets, the gas production stood at 7.67 million cubic feet per day (mmcf/d), equivalent to 136% of its target.

The company completed two exploratory wells on schedule and carried out well maintenance and development operations, restoring 16 wells to production.

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