Gas output of Abu Qir Co rose to 66B cubic feet in 2016 :el Molla - EGYPT TODAY

Mon, Oct. 23, 2017

CAIRO – The total gas production of Abu Qir Petroleum Company rose to 66 billion cubic feet during the 2016/2017 fiscal year, Petroleum Minister Tarek el Molla said Monday.

The company's output of crude oil and its derivatives also rose to 1.2 million barrels, the minister said.

Abu Qir Company is a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Italian Edison company.

As linking projects stall, energy companies see production rates fall - ENERGY EGYPT / DAILY NEWS EGYPT

May 11, 2016

Egypt’s average production of natural gas declined to 3.8bn cubic feet per day in 2016 from the rate of 4.4bn cubic feet per day in 2015.

A report published by the Ministry of Petroleum disclosed Egyptian gas fields’ average productivity in 2016, which has significantly decreased due to delays in plans to link gas fields to production sites managed by international companies.

The report pointed out that the Khalda Petroleum Company—a joint venture company between Egyptian General Petroleum Corporation (EGPC) and Apache Corporation—produced an average 850m cubic feet of gas per day, compared to 851 in 2015. The Italian energy company Eni, operating in Egypt through its subsidiary Petrobel, produced an average of 800m cubic feet of gas per day, down from 978m last year.

Offshore platform to produce 150 million cubic feet of gas per day by 2016 | Egypt Independent

Offshore platform to produce 150 million cubic feet of gas per day by 2016

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Wed, 23/07/2014 - 14:48

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Hossam Fadl

   

Al-Masry Al-Youm

The Petroleum Ministry said on Tuesday that the Italian company Edison began a new project in Egypt to produce natural gas from an offshore platform in the Mediterranean in coordination with its joint venture Abu Qir Petroleum (AQP) at an investment of US$220 million.

“The project produces 150 million cubic feet of gas per day and 2,500 barrels of condensate,” said AQP President Adel Hegazy, explaining that the project includes nine wells of which three have already been drilled and tested. “Production is projected for 2016.”

 

He added that AQP already produces 242 million cubic feet of gas per day, 4,200 barrels of condensate and 276 tons of butane gas.

 

“Edison trusts the Egyptian market potential,” he said.

 

The Petroleum Authority has been buying gas from Edison since June 2012 for US$5.88 per million BTUs, a price linked to the price of the Brent crude.

 

Edison has explorations in Abu Qir and the Rayan Valley in the Western Desert.

 

 

Edited translation from Al-Masry Al-Youm

Link to source: http://www.egyptindependent.com//news/offshore-platform-produce-150-million-cubic-feet-gas-day-2016