Egypt's General Petroleum Company (EGPC) said it had re-explored old fields using artificial intelligence (AI) for the first time, resulting in two significant discoveries in the Western Desert, GPS and GPR, with a combined output of 2,700 barrels per day. The results were presented at the company's General Assembly meeting to approve the 2024/2025 fiscal year results. The company added reserves of about 62.4 million barrels of oil equivalent in a mature area where production had been suspended for many years. EGPC also reported the successful trial of new perforation technology, which tripled well productivity compared with conventional methods, adding to its record of pioneering advanced techniques in Egypt's petroleum sector. The company's average daily output reached 85,000 barrels of oil equivalent, alongside an additional 18 million barrels of proven recoverable reserves. It also drilled 113 new wells and completed projects to connect its fields to the national electricity grid with more than 7.5 megawatts of capacity, partly powered by renewable energy from wind energy projects in Zafarana and Ras Ghareb. During the General Assembly meeting, Minister of Petroleum and Mineral Resources Karim Badawi highlighted the company's role as a fully state-owned entity in supporting the national economy and boosting production. He stressed that leveraging modern technologies and AI had delivered results and demonstrated the untapped potential of Egypt's mature fields. Badawi instructed that these successful technologies be applied across sector companies to enhance domestic output, while prioritising exploration and increasing investments. He also underlined the importance of energy efficiency and expanding renewable energy use at production sites to cut costs, reduce imports, save natural gas, and lower emissions. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
