Minister of Petroleum and Mineral Resources Tarek El Molla met with Apache Corporation CEO and President John Christmann, who is currently visiting Egypt. The meeting took place in the presence of David Chi, Vice- ...
Qarun Petroleum Company produced an average of 23,000 b/d of oil, with total investments of $127 million during fiscal year (FY) 2020/21.
Qarun Petroleum aims to save $12.6 million by reduction of production costs in its concession areas in Egypt, during the H2 2019/20.
The Petroleum sector seeks to raise its daily crude oil production to reach 720,000 barrels per day (b/d) by the end of fiscal year (FY) 2019/2020.
Qarun plans to boost its output to over 45,000 b/d by the end of 2020 as it explores, develops, and operates new concessions in the Western and Eastern Deserts.
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).
Qarun Petroleum Company plans to drill 22 wells to expand its activities during fiscal year (FY) 2018/2019, for production to reach 11.9 million barrels during the fiscal year.
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new appointments and promotions.
