Tag: Production
Is Shell slashing production on Rosetta, Burullus due to arrears?
Posted: December 12, 2016 at 4:51 pm / Oil & Gas
Shell will apparently be halting production of 40 mcf/d of gas from the Rosetta field by July 2017, as the anticipated payout from the field would not be worth the costs from any future developments, a senior official from EGAS tells Al Borsa. As noted last month, outgoing Shell Egypt VP and country chairman Aidan […]
Khalda Petroleum reduces cost of oil production from Apache's Western Desert concession to $4.5 per barrel
Posted: December 6, 2016 at 3:16 pm / Oil & Gas
Khalda Petroleum Company has reduced the cost of oil produced from the Apache concession area in the western desert to $4.5 per barrel in the first quarter of the current fiscal year, down from $5. Mohamed Abdel Azim, head of the Khalda Petroleum Company, told Daily News Egypt that the company successfully reduced costs by […]
