The Chairman of Alamein Petroleum Firm Mahmoud Tolba reviewed the modified finances plan of the corporate for the fiscal yr (FY) 2024/25 which incorporates drilling three developmental wells in East Abu Sennan and the advisable finances plan for FY 2025/26 amounting to $25 million.
This got here throughout the basic meeting assembly of the corporate to approve these plan headed by EGPC Chairman Salah Abdel Kerim
Tolba defined the finances plan of FY 2025/26 consists of drilling deep exploratory nicely and evaluation nicely in Horus area along with one other exploratory nicely in East Abu Sennan area.
He additionally offered a lot of tasks at the moment being carried out to scale back working bills, together with the institution of two oil manufacturing stations within the East Abu Sennan area to switch the rented services.
He additionally reviewed the corporate’s efforts to scale back diesel consumption and its scenario of exploiting the flare fuel produced within the Horus area to function a gas-powered generator to supply about 650 liters of diesel per day and cut back carbon emissions by about 635 tons yearly, along with the continuing technical examine to conduct a area experiment to function one of many wells utilizing photo voltaic vitality as an alternative of the diesel-powered generator.
praised the corporate’s security and environmental safety efficiency, in mild of the absence of any critical accidents or work accidents for practically ten consecutive years of labor, stressing the necessity to proceed on the identical strategy, directing the necessity for the corporate to proceed working to scale back the price of producing a barrel, stressing the Authority’s full assist for the corporate to beat any obstacles to attain the drilling and manufacturing plan and cut back bills.
Abdel Kerim praised the corporate’s well being, security and environmental (HSE) measures , in mild of the absence of any critical accidents or work accidents for practically ten consecutive years of labor, stressing the necessity to proceed on the identical strategy. He urged the necessity for the corporate to proceed working to scale back the price of producing a barrel, stressing the EGPC’s full assist for the Alamein firm to beat any obstacles to attain the drilling and manufacturing plan and cut back bills.
