UK’s Rockhopper Exploration begins oil production in Egypt

Cairo – Mubasher: British oil and gas exploration company Rockhopper Exploration Plc announced it began production at Al Jahraa 6 well in the Abu Sennan concession in Egypt’s Western Desert.

Accordingly, the company’s production from the Abu Sennan concession rose to 3,800 barrels per day (bpd), Rockhopper said in a statement.

The UK-based oil and gas producer holds a 22% stake in the concession and has nearly $1.9 million dues from Egyptian General Petroleum Corporation (EGPC), according to the statement.

In 2017, Rockhopper Exploration said its operations in Egypt were stable and its debts owed by state-run EGPC were seeing a constant decline.

Mubasher Contribution Time: 13-Nov-2018 09:12 (GMT)
Mubasher Last Update Time: 13-Nov-2018 09:17 (GMT)