Egypt’s EGPC and Halliburton have signed a cooperation agreement covering studies for a programme targeting 50 wells over 18 months.
The Egyptian State Information Service reported the agreement on 12 November, citing the Petroleum Ministry. The planned work would assess the use of horizontal drilling and multi-stage hydraulic fracturing to increase recovery from existing resources.
The announcement concerns preparation and technical studies. It does not establish that all 50 wells have been sanctioned, contracted for drilling or started, and it gives no contract value or confirmed drilling-start date.
Petroleum Minister Karim Badawi linked the work to Egypt’s drive to apply newer extraction techniques to formations that conventional approaches have struggled to develop economically. Any additional production remains dependent on study results and subsequent execution.
For the oilfield supply chain, the proposed scale makes the preparatory work significant, but the announcement does not identify rig awards, equipment orders or recruitment numbers.
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Source: Egyptian State Information Service, 12 November 2026.
Illustrative company/technology file photograph: Halliburton pressure-pumping equipment at a Bakken fracturing operation, United States, 9 August 2011; not the proposed Egyptian programme. Joshua Doubek / Wikimedia Commons, CC BY-SA 3.0. Resized and converted to WebP.
By Energy People.
