July 4, 2017
The Egyptian minister of petroleum and mineral resources Tarek El Molla said that oil production in Sinai fields increased from 1,200 to 1,400 barrels per day since July 2016.
These fields include Ras Sudr, Asl, and Matarma, and they are all located on the eastern side of the Gulf of Suez.
Tarek El Molla added in a statement on Tuesday that raising production comes as a result of the agreement with Mediterra Energy Corporation.
Wednesday, 28th June 2017
A press release to Egypt Oil&Gas stated that the Minister of Petroleum and Mineral Resources, Tarek El Molla, praised the work results of the state-owned General Petroleum Company (EGPC) upon receiving a report from GPC’s CEO, Moustafa Taher, around the work status in Ras Sedr, Asal, and Matarma fields in Sinai.
El Molla pointed out the importance of commitment in executing the Egyptian oil and gas production plans, aiming for production from new and existing fields in oil and gas concession areas like Sinai through using new technologies.
The minister further highlighted the importance of establishing productive projects according to schedule and of achieving required performance based on health and safety standards.
