The Ministry of Petroleum has taken care of the work of a magazine to follow up on the progress of the project and the work of the various programs within the framework of the project to develop and modernize the petroleum sector, which is sponsored by the Minister of Petroleum and Mineral Resources Tariq al-Mulla and the support of the sector leaders as a cornerstone for the project's success. To achieve optimum economic benefit from all potentials and natural resources to contribute to the sustainable development of Egypt, through the development of human cadres and improve their efficiency in the various activities and companies of the sector and to invest the energies and thought and vision of workers
حرصت وزارة البترول على عمل مجلة لمتابعة سير المشروع وتقدم الاعمال بالبرامج المختلفة في إطار مشروع تطوير وتحديث قطاع البترول الذى يحظى برعاية السيد المهندس طارق الملا وزير البترول والثروة المعدنية ودعم من قيادات القطاع باعتبارهم ركيزة أساسية لنجاح المشروع،والذى يهدف الى تحديث وتطوير كفاءة الاداء لمواكبة المتغيرات العالمية وتحقيق الاستفادة الاقتصادية المثلى من كافة الامكانيات والثروات الطبيعية للمساهمة في التنمية المستدامة لمصر ، من خلال تطوير الكوادر البشرية وتحسين كفاءتهم بمختلف أنشطة وشركات القطاع واستثمار طاقات وفكر ورؤى العاملين
The Company was established in 1/1/1983 following the declaration of Badrfield in the Western desert as a commercial discovery. A development lease was granted according to the concession agreement (law no.99 for the year 1980) made by and between the Government of Arab Republic of Egypt, EGPC & Shell Winning (Presently known as Shell Egypt), on the basis that the Company will operate its activities on behalf of EGPC & Shell. The Company’s name refers to the area where oil & gas were initially discovered, this area has a composite of sand dunes known as Badr, and this area is located in the middle of the western desert, at a distance of 300km west of Cairo, 180 north east of Baharia Oasis
BAPETCO continued its success during the fiscal year 2015/2016 in order to achieve the Company objectives, in the field of Exploration and Development. This was achieved by the remarkable staff as well as the shareholders full coordination and cooperation, we are proud of our production performance which continues at a high daily rate above 135,000 boepd, an increase from circa. 95,000 boepd in 2013.
Finally, we wish to express our sincere gratitude and deepest appreciation to our shareholders for their support and effective collaboration. This has helped to identify and solve critical issues and enable BAPETCO’s continued success and growth. Additionally, we would like to express our full appreciation to the BAPETCO staff for their outstanding effort and contribution which has enabled BAPETCO to exceed the planned targets. The company continued its strategy to develop human resources to focus on building relevant skills, improving the business using Continuous Improvement techniques and providing health and social care.
Our shared values of Honesty, Integrity and Respect for People underpin everything we do and are the foundations of Bapetco’s General Business Principles and Code of Conduct. Our reputation and our future success are critically dependent on compliance to the law, EGPC regulations and with the highest ethical standards. Bapetco’s General Business Principles and Code of Conduct provides the organization with greater detail and additional help to apply the standards of behavior we expect. All Bapetco staff must follow the requirements of the Business Principles and the Code of Conduct. We are judged by how we act. Our reputation will be upheld if each one of us acts in accordance with the law and the ethical standards set out in our Code of Conduct.