Sisi Visits Petroleum Facility in Alexandria Port
Egypt was able, during the period from 2015 to 2021, to boost ports' capacities by 85% increasing from 45 million tons/year to 76 million tons per year to date.
Egypt was able, during the period from 2015 to 2021, to boost ports' capacities by 85% increasing from 45 million tons/year to 76 million tons per year to date.
UOG production came higher than H1 guidance, which was between 2300 and 2500 boe/d.
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GUPCO drilled 7 new wells, of which the most recent were added to production during Q1 2021/22 with a 1000 b/d crude oil production rate.
The company's output was divided into 944 million cubic feet (mcf) of natural gas, 68,000 barrels of crude oil, and 11,000 barrels of condensates.
Moreover, the talks stressed the importance of expediting the implementation steps of the pipeline project that will link the Cypriot "Aphrodite" natural gas field with the Egyptian liquefaction stations.
Petroshrouk succeeded in meeting the required production rates of 2020/21, producing an average of around 2.6 billion cubic feet per day (bcf/d).
The contract aims to train nearly one hundred engineers through specialized technical courses for Exxon Mobil in the sister country of Iraq
Egypt's working interest production from the Abu Qir area averaged at 31, 400 barrels of oil equivalent per day (31.4 kboed), of which 87% were gas, during 1H 2021.
The net income of this first semester was led by Ecuador, with profits of $ 36 million. It was followed by Egypt, with almost $ 17 million, and Argentina, with about $ 4 million.