Al-Butrol adds 106 wells in four months
The Egyptian Petroleum Sector achieved significant progress from July to October 2026 by adding 106 new wells to the production map, contributing approximately 50,700 barrels per day of crude oil and condensates, and 218 million cubic feet of natural gas daily to boost local production. Additionally, production began from 3 wells in the "Bustan" discovery, which produce around 3,000 barrels of oil and 15 million cubic feet of gas per day. During this period, $1.4 billion was invested in exploration, discovery, and field development activities, resulting in 15 new hydrocarbon discoveries aimed at increasing reserves, accelerating the development of these discoveries, and integrating them into production. The Ministry plans to drill 109 exploratory wells during the 2026-2027 fiscal year to support production growth and achieve self-sufficiency in oil and gas.
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