The United Power Egypt (UEE) has drilled round 30 wells in 2025, which efficiently offset pure reservoir decline and elevated oil manufacturing by greater than 20%, in line with Kamel Al Sawi, Regional President of UEE, in an interview with PetroCast. The manufacturing surge follows a strategic growth of the corporate’s footprint and the implementation of aggressive drilling schedules to maximise asset restoration.
The corporate’s current acquisition of the US-based Apex firm has doubled manufacturing and lifted complete reserves to greater than 60 million barrels (mmbl). Al Sawi famous that UEE’s funding exercise in Egypt has developed considerably since 2019, following its 100% acquisition of Kuwait Power’s shares and 5 concession areas.
At present, UEE is concentrating on a doubling of manufacturing inside the subsequent 5 years and plans to extend drilling exercise in 2026, whereas persevering with to judge new acquisition alternatives
Along with upstream progress, UEE is diversifying into renewable power as a second core enterprise section. The corporate is implementing a inexperienced hydrogen pilot challenge within the Suez Canal Financial Zone and is pursuing the Mediterranean Inexperienced Hub initiative in cooperation with Abu Qir Fertilizers and Chemical Industries Firm and Alexandria Fertilizers Firm. Underneath this challenge, United Power will provide inexperienced hydrogen for the manufacturing of export-oriented inexperienced ammonia, aligning with the nationwide power transition technique.
Al Sawi praised the funding atmosphere and the inducement packages launched by Karim Badawi, Minister of Petroleum and Mineral Sources. He particularly highlighted regulatory amendments that elevated the flexibleness of concession agreements and enhancements in arrears funds as key drivers for accelerating funding.
Whereas the oil and pure gasoline business confronted challenges throughout 2023–2024, Egypt stays targeted on a nationwide manufacturing goal of 1 million barrels per day (mmbbl/d).
On the sector degree, Al Sawi underscored the significance of the Egyptian Normal Petroleum Company (EGPC) increasing its worldwide presence, noting its participation in upstream tasks overseas since 2012.
He emphasised that Egyptian investments overseas function a significant income stream that enhances home progress. By balancing conventional exploration in areas comparable to Wadi El Natrun with new power initiatives, UEE goals to play a central position in Egypt’s increasing power hub.
United Power Egypt (UEE), established in 2021, is a subsidiary of Kuwait Power Egypt (KEE), which has been operational since 2006. Each firms are beneath the umbrella of United Power Group (UEG), the last word dad or mum firm. UEE has made vital strides within the power sector by means of the Block 11 awarding of the oil and gasoline concession within the Western Desert. This marks a pivotal step in its growth and operational footprint in Egypt.
