Newsletter subscribe

Oil & Gas

Ministry: 8 new wells produce 517 MMCFD of gas in H1 2016

Posted: December 14, 2016 at 4:00 pm   /   by   /   comments (0)

logoEgyptian Oil Ministry announced Monday that eight new wells started production since the beginning of the second half of 2016.

In its reports, the ministry stated that 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.

The IOCs include Italy’s Eni ,the foreign partner of Belayim Petroleum Company- Petrobel, and Royal Dutch Shell – the foreign partner of Egypt’s Badr El Din Petroleum Company – Bapetco.

The eight wells include Nidoco South West 2 which started operating in November 2016 with capacity of around 85 million cubic feet of gas daily (MMCFD) in addition to Nidoco West 3 well that started production on November 27, 2016 with capacity estimated at 90 MMCFD, the reports showed.

The reports clarified that Petrobel ‘s Nidoco North-West6 well produces 140 million cubic feet of gas daily while Nidoco West2 well produces 100 million cubic feet of gas per day.

(Source: Amwal Al Ghad)