Egypt, BP Talk Giza, Fayoum Development

Egypt, BP Talk Giza, Fayoum Development

Egypt’s Minister of Petroleum, Tarek El Molla, has met with BP Upstream CEO Bernard Looney to discuss the status of the development of Giza and Fayoum fields, Egypt Oil & Gas reports.

The two fields are planned to start production by the end of 2018 at a capacity of 400 million standard cubic feet per day (mmscf/d) of natural gas, which will gradually increase to 700 mmscf/d.

The meeting further discussed Raven gas project, as well as the status of the fourth well in Atoll field, which is set to start production by Q3 2019 and will increase the field’s capacity from 300 mmscf/d to 400 mmscf/d of natural gas.

El Molla urged the continuous development of natural gas fields as a part of the ministry’s strategy to complete the projects according to its timeframes in order to boost national production.

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Sarah Samir 3518 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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