Rashpetco aims to double gas production in Egypt by FY29/30

Nora Abdelhamid , Wednesday 7 Jan 2026

Egyptian gas producer Rashid Petroleum Company (Rashpetco) plans to double its gas production by fiscal year 2029/2030, the Ministry of Petroleum and Mineral Resources said on Wednesday, citing Rashpetco Chairman and Managing Director Sayed Selim.

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Zohr Gas Field

 

The goal is part of a five-year plan covering Rashpetco, its sister firm Burullus Gas Company, and the Mina West offshore gas field under the West Delta Deep Marine (WDDM) concession. Officials said the expansion aims to use existing assets and infrastructure while attracting new investment, as Egypt moves to secure local gas supplies ahead of the summer peak demand.

Rashpetco and Burullus are joint ventures with the Egypt General Petroleum Company (EGPC) and overseen by the Egyptian Natural Gas Holding Company (EGAS), alongside international partners Shell and Petronas. Burullus manages the WDDM concession.

As part of the plan, drilling at the Mina West field is set to begin next month. The first well is expected to produce 160 million cubic feet of gas and 1,900 barrels of condensate daily by the fourth quarter of 2026.

The ministry also reviewed results from a 4D seismic survey of the WDDM and South Sequoia fields, which identified potential new drilling areas. The time-lapse survey tracks changes in reservoir pressure and fluid properties over time.

Additional projects include WDDM’s Phase 12-A, a $350 million development expected to start in the first quarter of 2027, projected to add 150 million cubic feet of gas and 2,700 barrels of condensate per day. A new exploration initiative, named Cyrus, will involve four wells, though details were not disclosed.

Egypt has been ramping up efforts to increase domestic oil and gas output. Two recently drilled wells in the Western Desert are expected to yield a combined 1,650 barrels of crude oil and 19 million cubic feet of gas per day.

Meanwhile, Egypt and Syria signed two memoranda of understanding (MoU) in December to expand regional energy cooperation. The agreements cover the supply of natural gas to Syria for electricity generation and the provision of petroleum products to meet Syrian demand.

Egypt’s oil and gas production has been gradually rising since August 2025, following a four-year slump. Natural gas output helped reduce the country’s fuel import bill by $3.6 billion and settle $1 billion in arrears, according to ministry figures.

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