Egypt adds 34 mcf/d gas from new North Sinai offshore wells

Egypt’s Petroleum Minister Karim Badawy inspected new offshore gas wells in the Mediterranean operated by North Sinai Petroleum Company (NOSPCO) that have added 34 million cubic feet per day (mcf/d) to output, the ministry said Saturday.

The wells, part of the company’s Phase III “B” development, lifted total production to around 60 mcf/d following $67 million in investment, according to the statement. Preparations are under way for a fourth phase with planned spending of $105 million.

Badawy toured offshore and onshore facilities, praising staff efforts and the partnership with Perenco Egypt, a subsidiary of the Egyptian-Kuwaiti Holding Company (EKH), which co-invests in the project with the petroleum sector.

He said the additions reflect Egypt’s strategy to gradually expand domestic gas production to meet local demand and reduce imports.

North Sinai Petroleum is a joint venture between the Egyptian petroleum sector and Perenco.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser