Egypt Diesel Consumption Drops 4.1% YOY
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.
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 ...
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).
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.
The output is expected to increase due to the growth of production in Giza and Fayoum fields.