Badr Petroleum Company recorded average daily production of 6,500 barrels of oil equivalent (boe/d) during the first half of fiscal year 2025/26, meeting its targets for the period, Chairman Ibrahim Massoud confirmed at the company’s General Assembly meeting. Two development wells were drilled during the period, boosting natural gas production rates, with a second well scheduled to come online shortly.
The company’s parent, the Western Desert Operating Company (WEPCO), has grown crude oil production at the Badr-1 field from just 800 barrels per day to more than 7,500 bbl/d since assuming operations — a transformation driven by the technical reassessment and re-entry of wells originally drilled in the 1980s using advanced seismic and drilling technologies. Recoverable reserves expanded from 3 million barrels to 36 million barrels, with 20 million already produced. The field also resumed natural gas production for the first time in four decades following the drilling of three exploratory wells.
Badr Petroleum’s five-year plan includes adding two new concession areas in the Western Desert, expanding drilling into unconventional reservoirs in cooperation with Canadian firm Tag Oil, and adopting modern technologies to enhance production rates. Egypt’s Petroleum Minister Karim Badawi directed the company to study the potential for applying horizontal drilling and hydraulic fracturing in its Western Desert concessions, citing successful regional and international precedents as a pathway to unlocking untapped resources.
Source: egyptoil-gas.com