Egyptian energy firm Petrogulf boosts output by 10,000 bpd from Gulf of Suez fields

Egyptian energy firm Petrogulf Misr, a subsidiary of the state-owned South Valley Egyptian Petroleum Holding Company, has increased its oil production by nearly 10,000 barrels per day (bpd), reaching its highest output level since its establishment in 1982, according to a statement from the Ministry of Petroleum and Mineral Resources on April 13, cited by Al Masry Al Youm.

The company raised production from its Gulf of Suez fields to approximately 26,600 bpd. This marks a significant rise from around 17,000 bpd at the start of the current FY 2025/26.

The surge in output was achieved in just five months, driven by an ambitious, effectively executed operational plan. A key contributor was the drilling of a new production well, North Geisum North-16, which alone added about 4,000 bpd.

In addition, an intensive well maintenance programme across Petrogulf’s Gulf of Suez assets contributed a further 6,750 barrels per day. The work was carried out using two drilling rigs, the company said.

Petrogulf represents a successful investment partnership between Egypt’s petroleum sector, including the South Valley Holding Company and the state-owned Egyptian General Petroleum Corporation (EGPC), and Egypt’s Pico and Kuwait’s Foreign Petroleum Exploration Company (KUFPEC). The company’s operations remain focused on the Gulf of Suez region.