Abu Qir Achieves 263 mmscf/d Gas Output in 2017/18

Abu Qir Achieves 263 mmscf/d Gas Output in 2017/18

Abu Qir Petroleum produced an average 263 million standard cubic feet per day (mscf/d) of natural gas during fiscal year (FY) 2017/18, a 45% increase from FY 2016/17, Egypt Oil & Gas reports.

Output levels were boosted after four wells at North Abu Qir were linked to production.

The company also produced 5,025 barrels per day (b/d) of oil and condensates, a 58% increase from the previous fiscal year, and 239 tons of butane per day, a 36% increase from the year before.

Over the course of the fiscal year Abu Qir  produced a total of 96 billion cubic feet (bcf) of natural gas, 1.8 million barrels of crude oil and condensates, and 87,000 tons of butane.

The new information was revealed by company head Alaa el Din Fathy during a meeting with petroleum minister Tarek El Molla to review the company’s performance in the 2017/18 financial year.

 

Sarah Samir 2536 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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