Qarun to Drill 22 Wells in 2018/2019

Qarun to Drill 22 Wells in 2018/2019

Qarun Petroleum Company plans to drill 22 wells to expand its activities during fiscal year (FY) 2018/2019, for production to reach 11.9 million barrels during the fiscal year, said Ashraf Abdel Gawad, Qarun’s Head, Egypt Oil & Gas reports.

The company has drilled 11 development wells and plans to add eight development wells and one exploratory well, Abdel Gawad stated during the general assembly chaired by Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, to review the company’s budget plan.

Three wells at Beni Sweif Concession, West Nile, were added to production and are expected to rationalize drilling cost and time after using casing drilling technology, according to the company’s head.

Abdel Gawad further pointed out the company’s focus on the health, safety and environment (HSE) standards, as well as innovation and work ethics.

Sarah Samir 2823 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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