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GAPCO reports strong 2024/'25 performance
Aya Anwar Published in Amwal Al Ghad on 12 - 06 - 2025

Egypt's Gulf of Suez Petroleum Company (GUPCO) has reported strong results for the fiscal year 2024/2025, with investments reaching $452 million during the year while maintaining production at around 57,000 barrels per day (bpd).
Chairman Abdelwahab El Meghawry noted the completion of the first phase of the North Safa field, with the second phase scheduled to come online in the third quarter of the current fiscal year. He also highlighted the company's plan to drill and rehabilitate 14 wells across its operating areas.
El Meghawry reported improvements in safety indicators as part of the zero accidents goal and outlined progress in renewable energy projects replacing conventional fuels, reducing flare gas emissions through energy utilisation, and advancing digital transformation to enhance well efficiency.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

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