Kuwait Petroleum Corporation (KPC) has approved an investment in a gas exploration project off the coast of Alexandria, Egypt, with initial production from the field expected to commence in the fourth quarter of 2026. Kuwait Foreign Petroleum Exploration Company (KUFPEC), a subsidiary of KPC, holds a 40 percent stake in the venture located in the West Mena area.

The approval follows recent discussions between KPC’s Chief Executive Officer, Sheikh Nawaf Al-Saud Al-Sabah, and Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting, held in the United States earlier this month, focused on expanding KPC’s investment footprint in Egypt’s oil and gas sector. Both officials explored ways in which Egyptian petroleum operations could benefit from KPC’s technical expertise and advanced technologies.

Badawi reportedly praised KPC’s exploration activities in Egypt, emphasizing the company’s contributions to the local energy industry. He also highlighted several promising investment opportunities across the Red Sea, the Mediterranean Sea, and Egypt’s western desert regions. The dialogue included plans to enhance reservoir management through the exchange of expertise and the adoption of advanced production technologies aimed at increasing output.

KPC’s recent 2025 annual report underscores the strategic importance of Block Three Northeast Amriya within the Nile Delta Basin, where recoverable natural gas reserves are estimated at 200 trillion cubic feet. KUFPEC operates this block, which has yielded significant discoveries, including the West Mina 1X well. This well, situated in shallow waters, confirmed the presence of Miocene-era gas and condensates and is currently under development. Additionally, the Khufu R1 well, identified as a deep, high-pressure reservoir, verified gas concentrations within lower Miocene sandstone formations.

The report highlights advances in seismic data processing in the southern portion of Block Three, where the incorporation of artificial intelligence and machine learning technologies has markedly improved subsurface imaging quality. These innovations have accelerated data analysis workflows, increased the reliability of geological interpretations, and facilitated informed decision-making for future exploration.

Beyond Egypt, KUFPEC has made progress with its global portfolio, securing Indonesian government approval for the Anambas development plan. This project has reached its third phase, the project definition stage, moving closer to a final investment decision. KUFPEC manages around 30 projects worldwide, spanning six continents, with operations supported by seven offices in Australia, Canada, Egypt, Indonesia, Malaysia, the Netherlands, and Pakistan. The company continues to emphasize workforce diversity by hiring experienced professionals across its various international locations as part of its growth strategy, which is not limited to any particular geographic region.