Egypt has boosted its natural gas production by 34 million cubic feet per day (mcf/d) following the start-up of new offshore wells in North Sinai, the Petroleum Ministry announced. The wells, developed under Phase III “B” of the North Sinai Petroleum Company (NOSPCO), have lifted output to around 60 mcf/d after an investment of US$67 million.
Petroleum Minister Karim Badawy, who inspected offshore and onshore facilities over the weekend, praised the workforce and highlighted the partnership with Perenco Egypt, a subsidiary of Egypt-Kuwaiti Holding Company, which co-invests alongside the state petroleum sector.
Preparations are already under way for Phase IV, with expected spending of US$105 million. Officials said the new production fits into Egypt’s broader strategy to expand domestic gas output, cover rising local demand, and reduce costly imports.
Energy experts note that while the North Sinai additions are modest in scale, they signal investor confidence and are part of a wider wave of new exploration and drilling agreements signed in recent months across Egypt’s offshore and desert blocks.
