In a statement issued on Sunday, the Ministry of Petroleum said current production from the North Safa field stands at around 15,000 barrels per day from five producing wells.
Gulf of Suez Petroleum Company (GUPCO) has announced the start of the second phase of the North Safa field development project in the Gulf of Suez, backed by investments from the UAE’s Dragon Oil in partnership with the Egyptian General Petroleum Corporation.
In a statement issued on Sunday, the Ministry of Petroleum said current production from the North Safa field stands at around 15,000 barrels per day from five producing wells.
The company is preparing to bring an additional well online in the coming days, marking the first output from the project’s second development phase. The new well is expected to add approximately 2,500 barrels per day.
The North Safa field development project is considered one of the key projects aimed at increasing crude oil production, with total investment across its two phases reaching around $170 million.
The second phase included the completion of an important electricity connection linking the field to the Ramadan-6 complex through a 10-kilometre subsea cable. The project also connected the field’s surface facilities to the permanent electricity grid, replacing temporary power solutions.
The move is expected to reduce operating costs by around $3,700 per day and eliminate the use of diesel for operations, supporting the petroleum sector’s efforts to improve environmental sustainability, rationalise spending and maximise returns on investment.
