The petroleum sector is preparing to initiate the production in Raven Gas Field in North Alexandria concession next September, with an estimated maximum gas production capacity between 850 and 900 million cubic feet per day (mcf/d), according to official sources from the Egyptian Natural Gas Holding Company (EGAS), Amwal Al Ghad reported.
The field will produce from 20,000 to 25,000 barrels of gas condensates per day, which will enable the petroleum sector’s self-sufficiency.
The Raven gas field will add a massive improvement to Egypt’s gas production’s performance, causing it to resume its exports.
The source added that the Ministry of Petroleum is currently working on a plan to develop gas fields which include 19 projects that are worth $27.4 billion and produce 4.8 bcf/d of gas and 56,000 barrels of condensates.
The North Alexandria concession development processes cover the gap between the local gas supply and demand, after the production capacity has been doubled to exceed 7 billion cf/d, which.