PetroShahd Records Strong Oil Production Rate Amid Plans for Increased Drilling

PetroShahd Petroleum Company reported an average oil and condensates production rate of 7,730 barrels per day during the 2025/2026 fiscal year. The company's results were presented at its General Assembly meeting.

The CEO of the Egyptian General Petroleum Corporation (EGPC), Salah Abdel Kerim, directed PetroShahd to develop a clear exploration plan with a defined timeline and intensified drilling activities. He also emphasized the importance of maintaining occupational health and safety measures and increasing training hours to improve performance and reduce operational risks.

PetroShahd achieved several milestones during the fiscal year, including drilling three development wells and recording 4.8 million safe working hours without injuries or accidents. The company received the Operational Excellence Award at the 11th Egypt Oil & Gas Convention (EOGC 2025) for its project to develop a unified risk visualization model using Power BI analytics.