Burullus Gas Company plans to drill three development wells at the West Delta Deep Marine (WDDM) project at a cost of $250 million, according to a press release.
Despite the pandemic, the company managed to complete the onshore construction works at El Maadeya Square, in addition to drilling and completing all of phase 9B wells of the WDDM project. With that, the project’s production capacity could reach 500 million cubic feet per day (mmcf/d). Sherif Hasaballah, Head of the company, said that Burullus Gas Company’s sales of natural gas reached 309 mmcf/d , whereas condensate production recorded 8,000 barrels per day (bbl/d).
This was announced while reviewing Burullus Gas Company’s results for fiscal year (FY) 2019/20, in addition to that of Rashid Petroleum Company (Rashpetco), in attendance of the Minister of Petroleum and Mineral Resources, Tarek El Molla. According to Hasaballah, several methods are currently being re-evaluated to better use the Rashid concession area after the results of the Monto well and will maintain production facilities from the Rashid offshore field.
During the meeting, El Molla stressed the importance of completing fields’ development projects, collaborating with international oil companies (IOCs) and reducing production costs. The minister also called for targeting deep exploration layers and encouraged using modern technologies to increase production rates and reserves.