Newsletter subscribe
Tag: Production
Saipem 10000

Eni to drill tenth well in Egypt’s Zohr natural gas field next January

Posted: December 3, 2018 at 12:34 pm   /   Oil & Gas

Italy’s Eni will begin drilling its tenth well in the Zohr gas field in January 2019 at a cost of USD 300 million. The addition of the tenth well is expected to boost output production by 200 mmcf/d, and is predicted to take two months to complete. Production from the tenth well remains dependent on […]

1 Comment read more
Eni

Eni completes drilling ninth well at Zohr gas field

Posted: November 21, 2018 at 2:14 pm   /   Oil & Gas

Italy’s Eni has completed drilling work on Zohr’s ninth deepwater well at a cost of USD 300 million, according to an industry source. Early tests put initial production levels at 150 mcf/d. The well was closed after the company finished drilling due lack of capacity at the treatment plant, but will enter production by the […]

1 Comment read more
TransGlobe

TransGlobe Energy sets 2019 Capital Budget for Egypt at $24.1 million

Posted: November 11, 2018 at 2:27 pm   /   Oil & Gas

TransGlobe Energy Corporation announces the 2019 plan and capital budget. HIGHLIGHTS 2019 capital budget of $34.1 million (before capitalized G&A) Egypt $24.1 million Canada $10.0 million (C$13.0 million) 2019 production of 14.0 to 15.0 MBoepd with a mid-point of 14.5 MBoepd Egypt 11.6 to 12.4 MBopd in 2018 Canada 2.4 to 2.6 MBoepd in 2018 […]

No Comments read more
energymarket_stock

15% reduction in oil & gas production costs in Egypt

Posted: November 8, 2018 at 1:54 pm   /   Oil & Gas

The Ministry of Petroleum succeeded in cutting the cost of producing oil and gas by 15%, which saves substantial funds and increases production. A source at the Ministry of Petroleum and Mineral Resources told Daily News Egypt that a programme was developed to cut production costs through increasing reliance on local products and companies in […]

No Comments read more
Zohr Plant

Eni estimates investment in Zohr gas processing plant at $5 billion

Posted: November 3, 2018 at 1:47 pm   /   Oil & Gas

Italian Eni has estimated the cost of implementing the Zohr gas treatment plant to be $5bn, with a capacity of 3.2bn cubic feet of gas daily, in order to connect the production of the project that is estimated to be 2.9bn cubic feet. A source at the oil sector told Daily News Egypt that implementing […]

No Comments read more
Zohr

Eni sets new Zohr production target of 3.2 bcf/d by end of 2019

Posted: October 28, 2018 at 3:06 pm   /   Oil & Gas

In a conference call with analysts, Eni’s finance chief Massimo Mondazzi said that the company is ramping up production at its Zohr field offshore Egypt, where it is now targeting 3.2 billion cubic feet (bcf) of gas per day by the end of 2019 from a previous 2.7 bcf. The company has one of the strongest […]

No Comments read more
TransGlobe Western Desert

TransGlobe starts drilling new well at South Ghazalat concession

Posted: October 25, 2018 at 11:26 am   /   Oil & Gas

TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from two wells in West Bakr in the Eastern Desert, with output from each well currently averaging around 800 bpd, exceeding […]

No Comments read more
Zohr Ramp Up

Eni starts drilling two new wells at Zohr natural gas field

Posted: October 23, 2018 at 12:47 pm   /   Oil & Gas

Italy’s Eni started drilling two additional wells at the offshore Zohr natural gas field as it prepares to raise output to its 2.7 bcf/d plateau next year, an unnamed source from EGAS tells Al Shorouk. The addition brings the total number of wells in the project to 13. Sources said that work on them should […]

No Comments read more
WDDM

Production from first well of Shell’s WDDM Phase 9B begins at 20 mmcf/d

Posted: October 21, 2018 at 1:42 pm   /   Oil & Gas

Shell-EGPC JV Rashid Petroleum Company (Rashpetco) has begun production from its natural gas well at the West Delta Deep Marine field Phase 9B, Chairman Sabry El Sharkawy said. The well’s initial output is estimated at 20 mmcf/d and the entire project is set to come online by 2H2019, producing up to 400 mmcf/d according to […]

No Comments read more
BP Concessions

BP’s Qattameya well to produce 60 mmcf/d of gas by 2020

Posted: October 18, 2018 at 3:19 pm   /   Oil & Gas

BP will begin producing 60 mmcf/d of natural gas from its Qattameya Shallow-1 exploration well in the North Damietta East Nile Delta marine concession by 2020, a source from the industry told Youm7. Early works on the well are due to begin soon as BP had promised in April to begin production by no later […]

No Comments read more