The General Petroleum Company is the first national company engaged in research, exploration and production of Oil in the Arab Republic of Egypt. GPC literally applies all laws and legislation related to safety, envitonment and quality.
Activities: Exploation and production of Hydrocarbons.
Paid Capital: LE1017 millions-fully owned by the Egyptian General Petroleum Corporation (EGPC).
Concession Areas: Eastern Desert, Gulf of Suez, Western Desert and Sinai.
Number of Fields: 40(Oil and Gas fields).
Total Areas of Sites: 17719 km2.
01.
Vision
To be one of the distinguished companies in the field of the exploration.production and development of hydrocarbons in Egypt and global while maintaning clean envitonment.
02.
Mission
Exploation, production and development of oil fields to maximize the reserves and returns for GPC and the partners through the optimal ecinomic exploration of the available resources, technology, modern management techniques and continued oriented training of our staff.
03.
Objectives
Exploring new areas and testing deeper horizons of existing areas by appling new ideas abd modern techniques. Discovering and adding new hydrocarbons reserves. Achieving new discoveries to add proven reserves and boost production rates. Providing safe labor conditions to prevent accidents and pollution. Rationalizing operation costs and capital expenses. Developing Human Resources.
Our Achievements
During the general assembly of the General Petroleum Company (GPC), GPC's Chairman ENG.Mohamed Abd El-Mageed reviewed the most important performance indicators that the company achieved during fiscal year 2022/23.
Abd El-Mageed explained that the company succeeded in achieving the highest production rate since its inception, amounting to about 74,000 barrels of oil equivalent per day (boe/d), bringing the company’s total production after adding its share from the participating companies to about 98,000 boe/d, with a development rate of about 100%.
He added that the company succeeded in drilling 46 exploratory and development wells, and was able to make six serious oil discoveries in its concession areas, with initial production rates amounting to about 7,200 boe/d, and adding a reserve stock estimated at about 38.3 million boe, which contributed to an increase in production rates and also opened new areas for exploratory and development drilling, and the total investments during the year increased to about EGP 3.6 billion.
Abd El-Mageed reviewed the most important projects implemented by the company to develop production facilities and field development using the latest technologies and to intensify exploration and development activity programs in obsolete fields to revive them again in its concession areas in the Eastern Desert, Western Desert and the Gulf of Suez, as well as developing and expanding the infrastructure for onshore and offshore production facilities to maximize their benefit, raise their efficiency and increase its absorptive capacity is in line with plans to increase production.
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