Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a new agreement for the integrated Badr El Din area in Egypt’s Western Desert between the Egyptian General Petroleum Corporation with Capricorn Energy, aimed at accelerating new investments with a minimum value of 208 million dollars to expand exploration, development and production activities.
The agreement supports efforts to increase oil and gas production and add new reserves through a five-year work program, whose main priorities include drilling 44 production and exploration wells in the area. Under the agreement, eight Western Desert concession areas operated by Badr El Din Petroleum Company — a joint venture between EGPC and Capricorn — will be merged, in addition to adding new exploration blocks.
This will bring the total exploration, development and production area to around 6,181 square kilometers, enabling intensified exploration, development and production activities while supporting higher output and new oil and gas discoveries. The agreement comes as part of the Ministry of Petroleum’s efforts to encourage investment and create an attractive climate for foreign partners, supporting fresh investments in exploration and field development areas in the Western Desert, which is considered Egypt’s most important crude oil-producing region.
The agreement’s work program also includes upgrading production infrastructure in the area, particularly the Badr-3 processing station, reprocessing seismic data and carrying out a 500-square-kilometer 3D seismic survey to maximize the use of geological data and identify new opportunities to boost production.
The agreement is expected to strengthen exploration and production plans in Badr El Din Petroleum Company’s concession areas in the Western Desert and open new prospects for adding oil and gas reserves in support of the petroleum sector’s efforts to increase domestic production.