Badr El Din Petroleum Company is currently operating Badr 1 but will soon hand over control to the Western Desert Petroleum Company (Wepco). All production will be the property of the state as the contract with Shell expired, according to Al-Mula.
The decision to entrust the field to Wepco has been made official and handover measures are currently being undertaken.
The contract with Shell over the Badr 1 field expired in 2012 and the production of about 2,377 barrels of oil and 7m feet of gas was temporarily halted. Last June the government handed control of the field to the Egyptian General Petroleum Company (EGPC), which then commissioned Badr El Din Petroleum Company to carry out the temporary development and management of the region.
EGPC prepared a plan to develop the Badr 1 field which includes the exploitation of the field for 10 years. Al-Mula stated that the estimated total production is 9.3m barrels. The work programme includes drilling two exploratory wells, six development wells and two water well, in addition to undertaking a water injection project and maintaining the wells.