Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well - DAILY NEWS EGYPT

Thursday October 18, 2018

Mohamed Adel

Italian Eni has recently signed an agreement with the Petroleum Ministry regarding the pricing of the gas produced from the Faramid well (TEKMOR Note: East Obayed Concession), which was recently discovered in the company’s concession area in the Western Sahara. The pricing was agreed to be $2.6 per one million thermal units.

A source at EGAS told Daily New Egypt that about 23m cubic feet of gas will be produced daily from the Farameet well.

He pointed out that the well’s production will be connected to Obayed’s gas processing plant, owned by Dutch Shell.

Eni said to be in talks with Shell to connect Western Desert well with processing plant in Obayed - ENTERPRISE

Wednesday, 29 August 2018

Italian oil and gas giant Eni is reportedly in talks with Royal Dutch Shell to begin pumping a daily 23 mcf of gas from a well in its Western Desert concession to the company’s processing plant in Obayed, unnamed EGAS officials said yesterday. 

The Faramit well will be closed until the two sides agree on the terms of constructing a pipeline connecting the field to the facility, they added. 

No further details were provided.