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2026-11-12T09:57:53.000Z

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Egypt 50-Well Frack Deal

Egypt 50-Well Frack Deal

The Egyptian General Petroleum Corporation and Halliburton have signed an agreement to develop a program to drill 50 wells in areas operated by the General Petroleum Company over 18 months, using horizontal drilling and multistage hydraulic fracturing. The program aims to boost domestic production and tap oil and gas resources that are difficult to extract using conventional methods. It follows a successful hydraulic fracturing trial at a well in the Western Desert, where production approached 3 million cubic feet of gas per day.

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