The Pharaonic Petroleum Company’s natural gas production significantly increased during the current period to 450 million cubic feet per day (mmcf/d) in addition 8,000 barrels of condensates, according to the General Trade Union for Petroleum Workers (GTUPW).
An anonymous official petroleum source said that the company is intensifying its efforts to maintain the production rates and compensate the normal reduction of its fields’ productivity.
The source who preferred anonymity pointed out that Atoll well is expected to produce about 100 mmcf/d of natural gas while Qatameya well is predicted to produce 40 mmcf/d.
He noted that the company is intending to exert more efforts to start production form the two wells of Atoll and Qatameya with investments ranging between $270-280 million
It should be noted that in September 2020, the company announced that its daily production reached 411 mmcf/d in addition to 7,600 barrels of condensates.