Petroleum Minister Engineer Karim Badawi visited the "Begonia-2" well site in the "New Manzala" concession area, operated by Al Wastani Petroleum Company in partnership with Dana Gas. The visit marked the launch of a program to drill 11 new wells.
These wells are projected to add an estimated 160 billion
cubic feet of natural gas and an average daily production of around 100 million
cubic feet of gas and 2,000 barrels of condensates. The initiative aims to
enhance the stability of natural gas supplies to Egypt's national grid.
The "Begonia-2" well is an appraisal well for the
"Begonia" development area, targeting gas reserves in the Abu Mady
formation within the Miocene layer. Initial estimates suggest a reservoir size
of up to 9 billion cubic feet, which is expected to significantly contribute to
Egypt's natural gas output and diversify supply sources.
The ministry stated it is closely monitoring the
implementation of work programs by its affiliated companies and continues to
offer incentive packages to encourage domestic oil and gas production, thereby
strengthening the nation's energy system and economic development.
Minister Badawi was accompanied by Engineer Yassin Mohamed, CEO of the Egyptian Natural Gas Holding Company (EGAS), Engineer Moataz Atef, Undersecretary for Technical Office Affairs and Official Spokesperson for the Ministry, Engineer Hazem Hafez, Head of Al Wastani Petroleum Company, and other officials from the companies involved.