The company plans to drill 35 exploratory wells and 44 development wells and to complete wells to achieve an average production of 134,000 barrel per day (b/d) of crude oil, 28,000 b/d of condensates, 106 tons of ...
The company will drill 25 development wells and 10 exploratory wells in FY 2019/20 and it plans to produce 41,000 barrels per day (b/d).
Minister of Petroleum, Tarek El Molla, announced that Prime Minister, Mostafa Madbouly, will inaugurate the Egypt Petroleum Show (EGYPS 2019) on behalf of President Abdel Fattah El Sisi, on February 11th.
Shell Egypt is waiting for the bid round to be launched in order to study the possibility of bidding in it, based on studying data and information related to the concessions in the bid round.
Stable production is a positive sign in a time in which oil fields annual production declined by around 20% to 25%.
The company is having an ambitious plan to produce around 1 bcf of natural gas and 1.8 million barrels of condensates, boosting the field's production to 3 billion bcf/d after all the phases are completed.
Iraqi crude oil cargoes contribute to the local market's fuel demands, preventing bottlenecks, Tarek El Molla, Minister of Petroleum, noted.
Held under the name 'North Africa and The Mediterranean: Delivering The Energy Needs of Tomorrow.', EGYPS 2019 will be an important window for Egypt to exhibit its opportunities and special capabilities in the oil ...
The output is expected to increase due to the growth of production in Giza and Fayoum fields.
Egypt discusses cooperation with German technological companies to develop petrochemical and refining complexes.
