The Ministry of Petroleum plans to implement 11 projects to develop gas fields in cooperation with foreign partners. Investments in these projects are expected to total 17.5bn. They aim to offset the natural decay rate in the productivity of fields and increase production rates.
A source at the Ministry of Petroleum told Daily News Egypt that the projects are expected to produce 1.9 billion feet of gas per day and 50,000 barrels of condensate.
The source added that the ministry is in negotiations with foreign partners to speed up the implementation of projects to offset the natural decay rate and to achieve self-sufficiency of gas in Egypt by the end of 2019.
