North Sinai Co. For Petroleum – Nospco is preparing to open new layers in the producing fields in the company’s acquisition areas. The move is considered as a step to increase the amount of natural gas produced from the Tao field to reach 60 billion cubic feet per year near the end of 2011.
Egypt Oil & Gas newspaper learned that the company started to apply the new technical study on Tao, located in its concession area in North Sinai, to keep the current production rate at a steady point after finalizing the procedures of installing the new Gas Compressor with a capacity of 200 million cubic feet per day. the current production rates reached 180 million cubic feet per day.
It is worth mention that North Sinai Co. For Petroleum – Nospco is a joint venture between EGPC and the French Prenco.