Petroleum: 119% increase in the production of Badr 1 field last year

Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, stressed that the launch of the Al-Hamra Petroleum Port and what is being achieved year after year in a plan to transform it into an integrated logistic center for receiving, exporting and storing crude oil and petroleum products is a success story that translates the comprehensive vision of the Ministry of Petroleum and Mineral Resources strategy for the capabilities owned by the petroleum sector and the extent of success Sector development and modernization program to raise efficiency and achieve optimal economic exploitation of that potential.

During his presidency of the General Assembly to approve the results of the work of WEPCO and Badr Petroleum for the fiscal year 2021/2022, El Molla clarified the importance of expediting the development of a specific plan with clear timing and implementation of new projects in the expansion area and the southern region, in order to achieve the maximum possible benefit and attract international companies to invest in taking advantage of the potential of The port, which has many important features such as its geographic location and its proximity to petroleum production companies in the Western Desert, refineries in Alexandria and European ports.

The company’s president, Engineer Ibrahim Masoud, reviewed the most important results of its work during the fiscal year 2021/2022, where he explained the efforts to modernize, develop, increase and raise the efficiency of the port facilities, and reviewed the expansion plan for the Al-Hamra port area, represented by the 120-acre beach plot to increase the storage capacity of the Al-Hamra port facilities to reach 4 million barrels, and the general plan to exploit the plot of land 420 acres to turn it into an integrated area for the circulation and storage of petroleum products, and the measures taken in this regard. The position of establishing the two new warehouses for storing diesel was reviewed, in addition to a gas station.

During the approval of Badr Petroleum Company’s business results for the fiscal year 2021/2022, which WEPCO is supervising its operation, Al-Mulla stressed the provision of full support to the company’s efforts to increase production from the region in light of the results achieved that confirm the efficiency and excellence of the company’s cadres and that all production is for the benefit of the petroleum sector. .

Masoud explained that an ambitious plan has been developed to increase production rates of crude oil produced from the Badr-1 field to reach more than 2 million barrels during the last fiscal year, an increase of 119%, and it is worth noting that this percentage is the highest since the Egyptian General Petroleum Corporation commissioned WEPCO. To operate the Badr 1 field, during the year an exploratory well was drilled in addition to the drilling of 4 developmental wells, the implementation of a plan to maintain and repair wells and re-completion, which led to an increase in daily production. The company achieved another record in reaching the highest levels of oil reserves, reaching nearly 17 million barrels, compared to 3 million barrels at the beginning of WEPCO’s receipt of operating the Badr-1 facilities.

The work of the association was attended by geologist Ashraf Farag, First Undersecretary of the Ministry for Agreements and Exploration, Engineer Sherif Hassaballah, Undersecretary for Petroleum Affairs, Accountant Hisham Nour El-Din, Head of the Central Department of the Minister’s Office, Geologist Alaa Al-Batal, CEO of the Egyptian General Petroleum Corporation and his deputies for production, finance and planning, his assistant for occupational safety and health, and Eng. Mohamed Wissam, Director of Gas Affairs Sector.

Scroll to Top