The Egyptian General Petroleum Corporation (EGPC) is positioning itself at the forefront of the country’s energy transformation, combining modern technology, artificial intelligence, and renewable integration to increase production from Egypt’s maturing oil fields.
Speaking during the company’s General Assembly for fiscal year 2024/2025, Minister of Petroleum and Mineral Resources Eng. Karim Badawi underscored EGPC’s role as a fully state-owned company critical to national economic stability. He noted that the corporation’s use of artificial intelligence has boosted efficiency and output, proving that Egypt’s aging fields still hold significant untapped potential when modern expertise is applied.
“The integration of AI and advanced technologies has allowed EGPC to achieve outstanding results, demonstrating that even mature fields can yield new reserves,” Badawi said. He also urged continued support for the company and called on the broader petroleum sector to adopt similar innovations, prioritize exploration, and expand investment in energy efficiency and renewable integration.
The meeting, held via video conference, was attended by senior officials including Lieutenant General Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport and Industry; Dr. Mahmoud Esmat, Minister of Electricity and Renewable Energy; and Dr. Manal Awad, Minister of Local Development.
Dr. Esmat praised the petroleum sector’s push to generate renewable power at production sites, noting the approach reduces reliance on traditional fuels, cuts imports, and helps lower emissions. “It is an efficient, economic, and environmental model that ensures long-term sustainability,” he said.
Eng. Mohamed Abdel Majeed, Chairman of EGPC, presented the company’s achievements. For the first time, EGPC re-explored old fields using unconventional methods powered by AI, leading to two new discoveries in the Western Desert – GPS and GPR – which together contribute 2,700 barrels per day. The discoveries also added an estimated 62.4 million barrels of oil equivalent in reserves from an area that had previously ceased production.
The company also pioneered modern perforation technology, which tripled productivity compared to traditional techniques. As a result, EGPC’s daily production now averages 85,000 barrels of oil equivalent. It has also added 18 million barrels of confirmed recoverable reserves, drilled 113 new wells across its fields, and expanded projects connecting sites to the national electricity grid.
Notably, EGPC integrated over 7.5 megawatts from national wind farms in Zafarana and Ras Gharib, aligning with Egypt’s strategy to diversify its energy mix and promote environmental sustainability.
With its dual strategy of revitalizing old reserves and embracing renewable energy, EGPC is emerging as a model for state-owned companies navigating the energy transition. The emphasis on artificial intelligence, innovative drilling methods, and renewable integration highlights Egypt’s ambition to boost production while meeting sustainability goals.
For international investors, these advances present new opportunities: Egypt’s ability to combine traditional hydrocarbon development with cutting-edge technology and renewable integration enhances its attractiveness as a long-term energy hub. With reserves being unlocked from once-abandoned fields and a strong government push toward sustainability, EGPC’s trajectory could serve as a gateway for strategic partnerships, technology transfer, and fresh capital inflows into Egypt’s upstream and clean-energy sectors.
