The daily decline in the maturity of Egyptian gas fields decreased from 100mcf/d to 45mcf/d for the first time since 2012, as fields recently connected to the national gas grid are new discoveries that have high production rates, reported Al Borsa News.
In related news, a source from the Egyptian Natural Gas Holding Co (EGAS) stated that Egyptian production of natural gas increased to 4.17bcf/d from 4.05bcf/d. The source cited a 140mcf/d of gas production boost to Italian Eni’s Nooros field and British Petroleum’s Taurt field. Both fields were recently connected to the national gas grid, therefore offsetting production declines due to resource maturity.
In order to meet local demand of gas, Egypt augments domestic production with 1.2bcf/d of gas imports via Floating Storage Regasification Units (FSRU) stationed at Sokhan Port and 100mcf/d from Jordan’s pipeline.
However, the country’s gas production is expected to grow further during the coming months as Eni plans to raise Nooros field production to 1bcf/d.