Eni to drill tenth well in Egypt’s Zohr natural gas field next January
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 […]
Eni completes drilling ninth well at Zohr gas field
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 […]
TransGlobe Energy sets 2019 Capital Budget for Egypt at $24.1 million
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 […]
15% reduction in oil & gas production costs in Egypt
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 […]
Eni estimates investment in Zohr gas processing plant at $5 billion
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 […]
Eni sets new Zohr production target of 3.2 bcf/d by end of 2019
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 […]
TransGlobe starts drilling new well at South Ghazalat concession
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 […]
Eni starts drilling two new wells at Zohr natural gas field
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 […]
Production from first well of Shell’s WDDM Phase 9B begins at 20 mmcf/d
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 […]
BP’s Qattameya well to produce 60 mmcf/d of gas by 2020
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 […]
