Egypt’s Bapetco produces 500M ft3 of gas daily: Chairman

The total natural gas production of Egypt’s Badr El Din Petroleum Company- Bapetco is estimated at around 500 million cubic feet daily, Chairman Emad Hamdy stated Saturday.

Hamdy told Amwal Al Ghad that firm’s production of natural gas covers massive part of local market’s needs of natural gas.

Bapetco -the local partner of Royal Dutch Shell- raised the total production within the last three years from 98,000 barrels of oil equivalent (BOE) to 140,000 BOE.

The chairman added that the company plans to raise the current production rate as pursuant to the continuous exploration processes and discoveries in its affiliate concession areas.

Moreover, Bapetco’s recent discovery Bte2 would hike company’s total production after it starts producing within the coming period.