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Egypt's Ministry of Petroleum published a review of General Petroleum Company's FY2025/26 performance on 6 September 2026. The state company reported 12 discoveries and average production of approximately 77,000 barrels of oil equivalent per day. These are financial-year results, not twelve discoveries made on the September publication date. The company's aggregate output also should not be described as the flow of one individual well.
The review identified a plan to drill the company's first horizontal well in the Western Desert. It also referred to testing at NEST-8 after a first fracturing operation. Planned horizontal drilling and testing are distinct stages, and the account does not establish that every proposed intervention has already delivered commercial production. The source does not disclose an individual horizontal-well result or precise coordinates.
Investment was reported at EGP 8 billion, representing 105% of the revised budget. The company also described lower energy use, from 103,000 to 80,000 tonnes of oil equivalent, a reduction of about 22%, with reported savings of USD 11 million. Those measures concern the company's operating performance and should not be converted into a reduction in every well's energy consumption without site-level information.
For the well industry, the update combines annual exploration outcomes, technology plans and capital spending. It provides a basis for tracking a public operator's investment direction, but not a guaranteed production forecast from horizontal drilling or fracturing. Further well tests and operating records would be needed to assess those activities. Keeping the fiscal-year review separate from future drilling commitments allows the historical results and the next stage of development to be compared without backdating a new milestone or counting planned wells as completed assets.