The company is actively screening for additional opportunities in mature markets where its core technical skills are in demand.

CPC is an affiliate of PICO International Petroleum, the leading independent Egypt-based E&P company. CPC specializes in revitalizing and optimizing production at small and medium-sized mature fields, where its interests span the range of oil and gas upstream activity — from near field exploration, to full field development planning and operations.

From its base in the robust Egyptian mature fields region, Cheiron Petroleum Corporation is expanding by consolidating its position in the Gulf of Suez while seeking complimentary expansion opportunities in mature markets with proven demand for its core mature field expertise.

Using technical expertise and a controlled cost base, Cheiron Petroleum Corporation unlocks value at declining fields: Cheiron Holding Limited’s activities are aimed at maximizing reserves and realizing ultimate asset recovery at each of its fields.

Across all operations Cheiron adheres to international industry best practice HSE standards ensuring the well-being of all employees, the general public and the environment.