Pharaonic Petroleum Produces 600 mscf/d of Natural Gas

Pharaonic Petroleum Produces 600 mscf/d of Natural Gas

Pharaonic Petroleum’s natural gas production has reached 600 million standard cubic feet per day (mscf/d), in addition to 11,000 barrels per day (b/d) of condensates, said company head, Hassan Abady, Egypt Oil & gas reports.

Abady said that the company had successfully started production at the deep water Atoll field in December 2017. The field started production at a capacity of 350 mscf/d of natural gas and 10,500 b/d of condensates, with total investments of around $1 billion.

The field boosted the company’s overall output to a record 116,000 b/d of oil equivalent.

Pharaonic Petroleum is currently working with BP and Royal Dutch Shell to prepare operational studies for Harmtan field in order to drill three wells and establish offshore production facilities.

This came during petroleum minister Tarek El Molla’s visit to Port Said to follow up on the progress of the Zohr field.

Sarah Samir 2950 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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