Oil & Gas

Abu Qir production rose to 66 bcf of natural gas, 1.2m barrels of crude oil

Abu Qir

The total gas production of Abu Qir Petroleum Company rose to 66 billion cubic feet during the 2016/2017 fiscal year, Petroleum Minister Tarek el Molla said Monday.

The company’s output of crude oil and its derivatives also rose to 1.2 million barrels, the minister said.

Abu Qir Company is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italian Edison company.

Molla reiterated the ministry’s commitment to its work strategy with foreign partners which is based on credibility.

Foreign partners are confident in the Egyptian government and they are committed to developing their petroleum and gas projects, he added.

Meanwhile, CEO of the company Alaa El Din Fathi said after the operation of North Abu Qir 3 platform, the average daily production of Abu Qir fields rose to 267 million cubic feet of gas, 5,000 oil barrels and 245 tons of butane gas.

North Abu Qir 3 is the sixth platform owned by the company. It includes equipment to facilitate simultaneously producing crude oil and gas, the first if its kind for Abu Qir Petroleum Company.

(Source: Egypt Today)


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