Abu Qir Production Hits 66 bcf of Natural Gas, 1.2M Barrels Crude

Abu Qir Production Hits 66 bcf of Natural Gas, 1.2M Barrels Crude

Abu Qir Petroleum Company produced 66 billion cubic feet (bcf) of natural gas and 1.2 million barrels of crude oil and condensates during fiscal year (FY) 2016/2017, according to the company’s CEO, Alaa El Din Fathy, Egypt Oil & Gas reports.

The new offshore platform, North Abu Qir 3, boosted output from the Abu Qir field to 267 million standard cubic feet per day (mscf/d) of natural gas, 5,000 barrels of crude oil and condensates per day, and 245 tons of butane per day, Fathy noted.

The company successfully drilled an exploratory well, PI-10X, in the North Abu Qir oilfield. The well added 1.36 million barrels of oil and 6 bcf of natural gas to known reserves, Fathy said. He added that the company is currently replacing a 6 inch diameter pipeline that stretches 12 kilometers to connect West Abu Qir and Abu Qir 2.

The comments were made during the company’s general assembly. The Minister of Petroleum and Mineral Resources, Tarek El Molla, chaired the meeting to review the company’s operations in FY 2016/2017.

Sarah Samir 2538 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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