Halliburton Signs Cooperation Agreement with Egyptian General Petroleum Corp.

published:15/11/2026 08:32 GMT

The Egyptian General Petroleum Corporation (EGPC) signed a cooperation agreement with US-based Halliburton to conduct the necessary studies for drilling 50 oil wells across the General Petroleum Company's (GPC) operational areas, according to a statement. Under the 18-month deal, they will cooperate on utilizing advanced horizontal drilling and multi-stage hydraulic fracturing technologies to maximize the exploitation of oil and gas resources, unlock new reserves, and boost local...More