Egypt seeks to boost gas production to 1bn cubic feet per day

Cairo – Mubasher: Egypt works on increasing its production of natural gas to reach 1 billion cubic feet daily by end of 2017.

The production of the new wells that are expected to start production soon may increase to 2.7 billion cubic feet daily by 2019, said Egyptian petroleum minister Tarek El Molla.

Earlier, the oil minister stated that eight new wells started production since the beginning of the second half of 2016.

These wells, which are affiliated to different firms, added 517 million cubic feet of natural gas and 2,500 barrels of crude oil to Egypt's national production.

The new wells are located in concession areas joint between International Oil Companies (IOC) and Egyptian oil sector firms at the Mediterranean Sea, Nile Delta, and Western Desert.

Mubasher Contribution Time: 15-Dec-2016 13:28 (GMT)
Mubasher Last Update Time: 15-Dec-2016 13:28 (GMT)