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Petroleum Minister Highlights Drilling Expansion for Production
The Minister of Petroleum confirmed that expanding the use of horizontal drilling and hydraulic fracturing techniques is the fundamental basis for doubling Egypt’s crude oil production and achieving the targets of the five-year plan. The ministry has successfully prepared the necessary factors to support this approach. He pointed out that these technologies contribute to increasing well productivity and deliver tangible results, such as adding approximately 15 billion cubic feet of natural gas from a new well, and the success of 40 hydraulic fracturing operations during the current fiscal year, which resulted in an increase of 10,000 barrels per day of oil and 15 million cubic feet of gas.
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