production | Egypt Oil & Gas - Part 77
Iran’s Yaran Oilfield May Come Online in April, Says Official
The official in charge of the development plan of Iran's North Yaran oil field says the field will start producing crude oil as of next April.
Egypt’s Gas Production on the Decline
Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014. GUPCO Placed EDFU A7 on Production
GUPCO announced that it successfully completed drilling the oil development well EDFU A7 in the Edfu field, reported Egypt Oil and Gas.
DEA to Pump $274m Investment into its Concessions
German company DEA plans to invest about $274m during the coming fiscal year to increase oil and gas production rates from its concessions in the Gulf of Suez and Kafr el-Sheikh.
Libya’s AGOCO Producing up to 290,000 b/d
Eastern Libyan state oil firm AGOCO is producing 250,000 to 290,000 barrels per day (bpd), a company spokesman said on Sunday, unchanged from recent weeks.
Saudi Oil Policy Misunderstood in US, says Former CIA Director
Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus
Saudi Arabia Measuring Influence on OPEC and Oil Traders
Saudi Oil Minister Ali al-Naimi is counting on oil traders to keep sitting on near-record volumes of stockpiled crude to prevent a second relapse in oil prices later this year.
Egypt’s Gas Production on the Decline
A senior EGAS official revealed to Al-Bourse newspaper that Egypt's production of natural gas is declining at a rate of about 130 mcf per month, compared to about 100 mcf during the same period last fiscal year. This ...
