Transparent financial and operational reporting for EGPC and Vaalco Energy stakeholders.
Strategic capital allocation driving production growth and reserve development.
PetroBakr Petroleum Company and South Ghazalat Petroleum Company have announced a combined investment of $121 million to expand crude oil production capacity.
Quarterly operational and financial performance data.
| Quarter | Production (bopd) | Wells Active | Capital Spend ($M) | Status |
|---|---|---|---|---|
| Q4 2024 | ~350 | Arta 92 (Drilling) | $8.5M | Active |
| Q3 2024 | ~320 | Existing Producers | $6.2M | Active |
| Q2 2024 | ~310 | Existing Producers | $5.8M | Complete |
| Q1 2024 | ~300 | Existing Producers | $5.5M | Complete |
Understanding the EGPC-Vaalco joint venture model.
Egyptian General Petroleum Corporation
NYSE: EGY | Houston, Texas
Under the terms of the concession agreement, EGPC handles the Egyptian income tax liability on behalf of PetroBakr out of EGPC's production entitlement. EGPC also purchases 100% of the crude oil sales, ensuring a stable offtake mechanism for all production.