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Egypt Plans 50 Oil Wells
The Egyptian General Petroleum Corporation has signed an agreement with Halliburton to develop a program to drill 50 oil and gas wells over 18 months, using horizontal drilling and multistage hydraulic fracturing. The aim is to boost domestic production and access resources that are difficult to extract using conventional methods. The partnership builds on the experience of the NES-8 well in the Western Desert, whose output has neared 3 million cubic feet of gas per day thanks to hydraulic fracturing. The agreement is part of Egypt’s efforts to expand the use of unconventional production technologies and offset declining output from existing fields.
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