ZPEC Egypt Company Signs 250 Water Well Turnkey Contract

2023-12-29

On December 26th, ZPEC Egypt Company signed a turnkey contract for 250 water wells with the Egyptian Air Force. This is another breakthrough achieved by ZPEC after the first phase for 70 wells, which laid the solid foundation for further consolidating the Egyptian market.

The construction site of this contract is located in the Aswan Desert of Egypt. In May 2023, ZPEC Egypt Company signed a turnkey contract for 70 wells in the first phase of the Aswan Project with the Air Force and successively relocated 3 truck-mounted drilling rigs and 3 complete trailer drilling rigs for operation. After the project was launched, many difficulties, such as lack of data near wells and serious mud balls in bits, had to be resolved. The Drilling Team constantly summarized their experience and optimized drilling operations and mud technology measures. They were then finally able to overcome the problem of mud balls in bits at the lowest cost, allowing the single well drilling period to be continuously reduced during operations in the same block.

Currently, there are 15 companies and 59 drilling teams participated in the Aswan Block. ZPEC is the only contractor to complete the first phase of the contract on schedule. The number of wells delivered accounts for two-thirds of the entire operation block. With its professional, high-quality and efficient services, ZPEC Egypt Company has been highly recognized by Party A, thus laying a solid foundation for the successful signing of the second phase of the 250 water well contract.

Zhao Wutao, the General Manager of ZPEC Egypt Company, said, “In the second phase of the Aswan Project, ZPEC Egypt Company will carry forward ZPEC’s ‘Iron-Blooded Army’ daring to fight hard, winning when fighting, and creating a first-class spirit while making greater contributions to the company's development."

For a long time, Egypt has faced a shortage of food supply and relied heavily on imports. In 2015, the Egyptian government began to promote the implementation of the "Million Feddan" desert-to-fertile-land plan. In 2016, ZPEC Egypt Company entered the Egyptian drilling market and cooperated with the Ministry of Water Resources and the Egyptian Army. Through in-depth cooperation with large agricultural companies, ZPEC has achieved excellent results, established the ZPEC brand, and become a leader in the local water well market.

(Egyptian Company Zhang Feimin Feng Xianchang)

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