The Belayim offshore 133 well in the Sinai fields has commenced crude oil production at an initial rate of 1,500 barrels per day, according to a statement from the Ministry of Petroleum and Mineral Resources. This represents the first results of Italy's Eni new investment work programme in the Gulf of Suez, Sinai, and Delta regions.
The Ministry of Petroleum and Mineral Resources announced that the Belayim offshore 133 well in the Sinai fields has started crude oil production at an initial rate of 1,500 barrels per day, in a statement issued on Tuesday. The well was drilled and brought into production by Petrobel, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni.
This production marks the initial outcomes of Eni’s new investment work programme in the Gulf of Suez, Sinai, and Delta regions, following an agreement with EGPC to introduce fresh investments into these areas. The ministry noted that early production indicators are encouraging, with promising opportunities to enhance performance rates in the coming period, highlighting the substantial remaining potential in the Belayim Marine field.
As part of the operational plan, the Trident 16 drilling rig, currently in the area, is relocating to drill a new well named Belayim offshore 131. Minister of Petroleum and Mineral Resources Karim Badawi had overseen the start of drilling operations for the Belayim offshore 133 well a few days before the end of last year from aboard the responsible rig.
The commencement of production aligns with the ministry’s efforts to boost crude oil output, cut import costs, and fulfill domestic needs.