Abu Qir Petroleum Company started the implementation of the 3rd phase of the development plan of the Mediterranean fields owned by the company.
The company will use a new gas compressor that will help in opening new layers to boost its natural gas production.
Currently, Abu Qir is awaiting the approval of the EGPC for the fiscal budget of the development plan during the current fiscal year of 2010-2011. The company will work on the wells that need immediate treatment.
Abu Qir is aiming to reach 400 billion cubic feet of gas after adding more producing fields in the North Delta fields. The company’s current production rate stands at 175 cubic feet of gas per day.