(WO) – The Egyptian General Petroleum Corp. (EGPC) and Halliburton have signed a cooperation agreement to prepare a drilling program of 50 wells over 18 months, using horizontal drilling and multistage hydraulic fracturing. The agreement covers technical studies aimed at maximizing oil and gas recovery from EGPC’s concessions and unlocking previously untapped formations.
According to Egypt’s Petroleum Ministry, the deal is part of a government initiative launched this year to apply unconventional techniques across existing producing fields to boost domestic output. It builds on a recent result at EGPC’s NES-8 well in the Western Desert, where hydraulic fracturing was used for the first time to produce gas from the low-permeability Abu Rawwash F formation, at rates approaching 3 MMcfd.
EGPC CEO Salah Abdel Karim and Halliburton Egypt Country Manager Amr Azzam signed the agreement at EGPC headquarters in Cairo, in the presence of Petroleum and Mineral Resources Minister Karim Badawi. Badawi said the agreement follows talks with Halliburton executives at ADIPEC in Abu Dhabi earlier this month. Halliburton Chairman and CEO Jeff Miller, who joined by videoconference, said the company is committed to supporting Egypt’s upstream production goals.
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