Tharwa Petroleum Production to Reach 7,250 b/d in 2019
Tharwa Petroleum Company plans to produce 7,250 b/d in 2019 by drilling six exploratory wells and five development wells.
Tharwa Petroleum Company plans to produce 7,250 b/d in 2019 by drilling six exploratory wells and five development wells.
Egyptian electricity production increased by 1.4% YOY in November 2018, recording 14.5 MWh compared to 14.3 MWh generated in November 2017.
Royal Dutch Shell natural gas production from Burullus and Rashid fields declined by 37.5%, reaching 250 mmscf/d compared to 400 mmscf/d a year ago due to the natural decline of wells.
Egypt’s diesel consumption decreased by 4.095% YOY in December 2018, recording 1.171 million tons, down from the 1.221 million tons of December 2017.
Egyptian butane imports fell by 23.17% YOY, reaching 181,000 tons in December 2018 compared to 235,600 imported in December 2017.
Egypt’s consumption of petroleum products dropped by around 11.19% YOY in December 2018 to 2.596 million tons, compared to 2.923 million tons in December 2017.
Egypt’s natural gas output increased by 20.99% YOY, reaching 4.178 million tons in December 2018, up from the 3.453 million tons produced in December 2017.
Egyptian natural gas output has reached 6.8 bcf/d upon adding production from the West Nile Delta project phase 2 as well as other projects.
The company will drill and complete five development wells, adding around 5,000 boe/d to its production.
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 ...