Petrosalam
| Egyptian joint venture | |
| ISIN | 🆔 |
| Industry | Oil and gas |
| Founded 📆 | |
| Founder 👔 | |
Area served 🗺️ | |
| Products 📟 | Crude oil |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
Petrosalam is an Egyptian oil and gas company engaged in the exploration, development, and production of hydrocarbons. The company operates primarily in the offshore North West October (NWO) field located in the Gulf of Suez, under partnership with the Egyptian General Petroleum Corporation (EGPC) and the General Petroleum Company (GPC).
Location and Concession
The NWO concession is situated about 60 km north of Ras Gharib and 15 km east of Ezz El Orban. It is surrounded by other fields such as Tanka East-3, October North J, and Issran.
The field was originally awarded to Arabian Oil Co. Ltd. (AOC) in 2004 under Law No. 151/2005. Its original area was 185 km², later reduced to 27 km² by 2023.
Development Timeline
- 2010: First production via a partnership with PICO Oil Co. after drilling NWO-1 and NWO-2.
- 2011: AOC halts activity due to political unrest.
- 2015: British company EnQuest takes over but withdraws for non-technical reasons.
- 2017: Concession transferred to GPC under EGPC; Petrosalam becomes operator.
- 2020: Offshore facilities completed; production begins.
Infrastructure
- Offshore platform with 6 wells: NWO-1 to NWO-5 and E-NWO-1X.
- Two 5-inch subsea pipelines (23 km each) to GPC's North Amer facility.
- Drilling rig ADM-88 leased from ADES.
- Seismic data reprocessed; 2P reserves estimated at 25 million barrels (Eocene formation).
Production
As of November 16, 2024, average daily production is approximately 3,300 barrels per day.
Headquarters and Staff
- Location: Block 9 – Industrial Area – 6th District – Nasr City – Cairo
- Employees: 52 direct + 28 indirect (EPSCO)
See also
References
- Egyptian General Petroleum Corporation (EGPC)[1]
- Internal technical documentation from Petrosalam (2024 production summary)
This article "Petrosalam" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Petrosalam. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
