Egyptian Firms Increase Gas Production

Egyptian Firms Increase Gas Production

Pharaonic Petroleum Company finalized the third phase of its development operations for Ras El Bar field located in Ras El Bar Concession in Nile Delta with an investment of $265m as the company succeeded in producing 110mcf/d of natural gas, which is expected to increase to 500mcf/d, reported Egypt Oil$Gas.

Moreover, Egypt Oil&Gas informed that another Egyptian company, North of Sinai Petroleum Company (NOSPCO) has completed phase 2B of the development of North Sinai field with total investments of $48m as it succeeded in producing 70mcf/d of natural gas. The company is expected to increase the field’s total production to 200mcf/d of natural gas in 2017.

NOSPCO has also started its development plans for its Taw field in the Mediterranean Concession in the fiscal year 2016/2017 to increase natural gas production to 230mcf/d.

The Egyptian General Petroleum Corporation (EGPC) along with its foreign partners further aim to boost crude oil and condensates production to an average of 695,000b/d of oil and 4.7bcf/d of natural gas during the fiscal year 2016/2017.

Sarah Samir 2752 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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