Tharwa Petroleum Company, Egypt’s state-owned upstream operator, recorded a 15% increase in oil production in 2025, driven by the successful drilling of four new wells in the Western Desert that delivered results well above expectations.
Average daily production exceeded 5,000 barrels, yielding total annual crude oil output of approximately 1.9 million barrels. The company also added new petroleum reserves during the year, with crude oil sales surpassing 500,000 barrels.
As part of its growth strategy, Tharwa conducted comprehensive technical and economic studies across 12 new concession areas in Egypt, resulting in bid submissions to the General Petroleum Company (GPC) for the Northwest October area and to the Egyptian Natural Gas Holding Company (EGAS) for the North Mansoura area.
On the development front, Tharwa submitted a development agreement proposal for the Nour-1 discovery to EGAS and finalised plans for drilling the Nour Southwest-1 well in the Nour offshore area, with drilling scheduled for the first half of 2026. Agreements were also reached with partners to drill the Narges-2 appraisal well in the Narges offshore area and the Velox-1X exploration well in the North Cleopatra area during the same period.
The results were reviewed at a general assembly meeting attended by Minister of Petroleum and Mineral Resources Karim Badawi and senior officials from the Ministry, EGPC, EGAS, Ganope, and the Central Auditing Organization.
Tharwa Petroleum was established in 2004 as Egypt’s first fully state-owned joint-stock petroleum company, focusing on exploration, production, and petroleum services under the umbrella of the Egyptian General Petroleum Corporation (EGPC).
Source: egyptoil-gas.com