Petroleum: 111 thousand barrels of crude oil and condensate per day, average production of “Khaleda Petroleum”

Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed the importance of intensifying programs and plans to increase oil production in cooperation and coordination with foreign partners, and to continue pumping more new investments to develop discoveries and put them on production, as well as intensify drilling and exploration programs to achieve new discoveries that support Egypt’s production and reserves of natural gas. And petroleum through an integrated work system that is compatible with the procedures and requirements of occupational safety, health and environmental protection.

This came during the General Assembly of Khaleda Petroleum Company to approve the business results for the fiscal year 2021/2022.

Al-Mulla added that Khaleda Company is one of the most important oil and gas production companies in Egypt, and thanked the foreign partners for their fruitful and constructive cooperation in achieving distinguished results throughout the company’s work process, calling for increased coordination and cooperation to achieve better results in the coming years.

During the assembly, Eng. Saeed Abdel Moneim, the company’s president, reviewed the most important results of the company’s business, as he explained that the average daily production during the year amounted to about 111,000 barrels of crude oil and condensates, 583 million cubic feet of gas per day, and 713 barrels of butane.

He added that the company made eight oil discoveries during the year, with a success rate of 50%, and the seismic data reprocessing program for the Khaleda Hills area was completed with an area of ​​about 4,000 km2, in addition to the completion of 65% of the seismic data reprocessing program (PSTM) for the area. Matrouh – West Knais, with an area of ​​about 4.2 thousand km2. He explained that during the year 53 wells were drilled with the aim of increasing production through the development of proven reserves and confirmation of potential and possible reserves, and 93 re-completion operations were carried out, in addition to the completion of drilling and completion of 10 exploration wells, and the company also built oil and gas lines with a total length of 100 km in Record periods of time, which contributed to the early return of production rates, in addition to implementing many production facilities and gas compressors to exploit the associated emitted gases.

The work of the association was attended by geologist Ashraf Farag, first undersecretary of the Ministry for Agreements and Exploration, Eng. Sherif Hassaballah, Undersecretary for Petroleum Affairs, accountant Hisham Nour El-Din, head of the central administration of the Minister’s office, Eng. Alaa El-Batal, CEO of the Egyptian General Petroleum Corporation and his deputies for production, exploration, safety and industrial security, and Dr. Magdy Galal, head of the Gas Holding Company Natural “EGAS” and his deputies for production, exploration and control of joint companies, heads and representatives of Apache, IPR and KUFPEC companies in Egypt.

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