Kamal: Egypt to Achieve Fuel Self-sufficiency Soon
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
Zohr | Egypt Oil & Gas - Part 2
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
Petroleum Marine Services (PMS) alongside Deep Tech led an engineering alliance to develop a rapid emergency intervention plan for the Zohr project at a depth of 1,500 meters below sea level.
Egypt’s natural gas production has reached 7 billion cubic feet per day (bcf/d), up from 6.8 bcf/d at the end of June.
Zohr field’s total investments reached $10.6 billion, of which $3 billion were injected in fiscal year (FY) 2018/2019 after the field reached a production level of 2.7 billion cubic feet per day (bcf/d).
Production at the Zohr natural gas mega field surged in H1 2019 to reach a total of 11.3 billion cubic meters, increasing by 3.6 times compared to a year earlier.
This comes as result of achieving self-sufficiency and increasing natural gas production after the implementation of 27 projects to develop natural gas fields.
Egypt’s stake in the natural gas giant field remains unchanged, the Egyptian Cabinet stressed, asserting that all the rumors circulating in the media have no validity.
Italian Eni finished establishing all the gas processing units for Zohr natural gas field in May 2019, boosting its processing capacity to 3.2 billion cubic feet per day (bcf/d) of gas.
Condensate production from Zohr field increased by 14.29% due to the increase in the field's natural gas output, reaching around 4,000 tons per day compared to 3,500 tons per day in 2018.
The company will complete drilling the field's 15th well in April, and with new wells being drilled and production starting by the end of May, the number of the natural gas producing wells will be boosted to 11.