The Gulf of Suez Petroleum Company (GUPCO) has announced on Sunday, July 5, 2026, the commissioning of the second phase of the development project for the “North Saffa” oil field in the Gulf of Suez, in partnership with Emirati firm Dragon Oil and the Egyptian General Petroleum Corporation.
The development comes as part of the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy aimed at increasing crude oil production and maximizing the use of existing fields. According to a statement issued by the Ministry of Petroleum on Sunday, current production from the “North Saffa” field stands at around 15,000 barrels per day from five producing wells.
The company is preparing to add a new well in the coming days, marking the first output from the second phase of the project, with an expected production of 2,500 barrels per day. Efforts are expected to support efforts to boost domestic output and reduce import costs.
The ministry said the North Saffa development project is a key initiative to increase crude oil production, with total investments across its two phases reaching about dlrs 170 million. The second phase included completion of the electrical connection of the field to the “Ras Gharib-6” complex via a 10-kilometre subsea cable, linking the field’s surface facilities to the permanent power grid instead of temporary solutions.
This is expected to generate savings of around dlrs 3,700 per day in operating costs, in addition to eliminating the use of diesel for operations, supporting the petroleum sector’s push toward environmental sustainability, cost efficiency, and maximizing investment value.
The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital The Inauguration of the State Strategic Command Headquarters “The Octagon” in the New Capital