SDX Makes Gas Discovery in Egypt’s South Disouq Concession
SDX Energy has reported a new gas discovery made at its SD-4X well in the South Disouq concession in Egypt.
SDX Energy has reported a new gas discovery made at its SD-4X well in the South Disouq concession in Egypt.
The third gas processing unit at Zohr natural gas field began operations on June 14, 10 days ahead of schedule.
TGS has finished collecting data from a 10,000-km 2D seismic survey in Egypt’s Red Sea.
Egyptian Minister of Petroleum Tarek El Molla has met with Canadian Ambassador to Egypt Jess Dutton to discuss increasing cooperation in the fields of oil, natural gas, petrochemicals and mineral resources.
Egypt will attract around $10 billion in foreign investments in the oil and gas sector during fiscal year 2018/19.
The daily output from South Pars gas field will rise by 84 million cubic meters (mcm) to 654 million cubic meters per day (mcm/d) by late September 2018.
The Egyptian oil and gas sector completed 24 projects over the past four years, investing $16.2 billion in the process, Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has stated.
Exploratory drilling took place at a depth of 5,000 meters, the commercial flow rates at the reservoirs tested at 1.2 mcm/d after fracturing.
DEA Deutsche Erdoel AG announced a significant increase of production from its oil fields in the Gulf of Suez and from the Disouq gas fields in the Onshore Nile Delta.
The International Monetary Fund (IMF) believes that gas subsidies benefit mainly the rich, advising the Egyptian government to allow fuel prices to change in line with costs.