Capricorn Energy expects its production to increase in 2026, supported by the growth of its operations in Egypt and the consolidation of its local concessions, according to Reuters.
The company forecasts output of between 18,000 and 22,000 barrels of oil equivalent per day, up from last year’s levels. This rise follows a merger of eight existing concessions with the Egyptian General Petroleum Corporation and partner Cheiron Oil and Gas, forming a single joint venture aimed at improving efficiency and development capacity, MarketScreener reports.
Chief Executive Randy Neely noted that Capricorn entered 2026 “with strong momentum,” citing a year-end 2025 exit production rate of 21,003 boepd and a robust balance sheet positioning the company to capitalise on development opportunities across its Egyptian portfolio.
The firm also indicated it is reviewing potential mergers and acquisitions in the UK North Sea, Egypt, and the broader MENA region, as part of its strategy to expand and diversify its asset base.
