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Capricorn Energy Accelerates Egyptian Growth with $90M Boost and 10-Well Plan

Updated: July 22, 2025 11:41

Image Source: Extractive Industries Transparency Initiative
Capricorn Energy PLC has unveiled a dynamic operational roadmap for H2 2025, signaling renewed momentum across its Egyptian portfolio.
 
Production Snapshot:
  • - Western Desert working interest output averaged 20,000 boepd in H1 2025, with 43% liquids
  • - Performance slightly above mid-point of full-year guidance (17,000–21,000 boepd)
Development Outlook:
  • - Ten development wells planned for H2, all targeting liquids-rich zones in the Badr El Din area
  • - Rig fleet fully allocated to development drilling from August onward
Financial Highlights:
  • - EGPC payment plan anticipates at least $90 million in H2 2025, supporting increased investment
  • - Debt in Egypt reduced from $100M to $64M over H1, with repayments funded in-country
Strategic Moves:
  • - Parliamentary ratification pending for integrated concession agreement
  • - Reserves auditor engaged to assess up to 20 mmboe 2P conversion potential
Sources: London Stock Exchange, Investegate, FT.com, MarketScreener, Capricorn Energy PLC.

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