Pharaonic Petroleum Announces 174 bcf of Gas Production in FY 2017/18

Pharaonic Petroleum Announces 174 bcf of Gas Production in FY 2017/18

Pharaonic Petroleum Company produced 174 billion cubic feet (bcf) of natural gas and 2.2 million barrels of condensates during fiscal year (FY) 2017/18, Egypt Oil & Gas reports.

Speaking during a review meeting with oil minister Tarek El Molla, company head Hassan Abady said that the company’s Ra’as El Bar concession produced 108 bcf during the last fiscal year.

Abady said that the production from Atoll field seven months ahead of schedule with 350 million cubic feet per day (mcf/d) production capacity was among the company’s biggest achievements of the year. The field produced a total  66 bcf of natural gas during the year.

Sarah Samir 2535 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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