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Oil & Gas

Egypt’s General Petroleum Company crude oil production reaches 57,000 bbl/d

GPC
Posted: August 6, 2017 at 12:31 pm   /   by   /   comments (0)

GPCThe increased production rates follow the discoveries of two new fields, NES-5 and NES-7.
Egypt’s state-owned General Petroleum Company (GPC) has reached unprecedented production rates of 57,000 barrels of oil equivalent per day, the Petroleum Ministry said in a Friday statement.

The increased production rates follow the discoveries of two new fields, NES-5 and NES-7, the statement added.

The combined production of the two fields is 3,000 barrels of crude oil per day and 1.5 million cubic feet of gas.

GPC is currently implementing a plan to reach a production rate of 60,000 barrels of equivalent oil per day by the end of this year, the statement added.

(Source: Ahram Online)

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