About El-Hamra Oil

According to the concession agreement issued on 8/8/2005 by Law No. 172 of 2005, El Hamra Oil Company was established, which is one of the companies in the joint petroleum sector between the Egyptian General Petroleum Corporation and the American company IPR, where the company carries out research, exploration, development, and production activities. in El Alamein field area. Western Sahara, Yidma. El Hamra Oil Company maintains its persistent efforts year after year, believing in the growing importance of energy and its impact on all economic, social, and political levels.

Stakeholders

• EGPC Is an economic State Corporation affiliated to the Ministry of Petroleum.
• IPR Energy Group is a group of international companies in the energy sector actively engaged in oil and gas exploration and production around the world; and providing engineering and oilfield services worldwide. We capitalize on our technical expertise and innovation to improve petroleum recovery, whether in our own E&P portfolio or through our global service offerings to the market.

Prespectives

Explore and develop oil and gas fields in the concession Agreement of El Alamein field to maximize value for Both sides and contribute to the growth of the country’s economy. We will accomplish this by:

• Safely and economically optimizing production and maximizing reserves whilst protecting the environment
• Meeting oil and gas demand for an expanding local economy
• Prudently investing and stewarding this national resource
• Providing employment and economic growth opportunities to the people of Egypt