FILE - Minister of Petroleum Tarek el-Molla
CAIRO – 13 March 2018: Another well in Nawras gas field has entered production with around 90 million cubic feet of gas and 720 barrels of condensates per day, bringing the total operational wells in the field to 13 with a production of 1,150 million cubic feet of gas per day.
This came in a report presented to Petroleum Minister Tarek el-Molla from the head of Belayim Petroleum (Petrobel).
The report said that the field is being developed according to a work plan and a specific timeframe, with the aim of maximizing production. The plan is to drill a total of 14 wells to produce 1.2 billion cubic feet of gas per day.
Egypt has been intensifying work to accelerate gas production from discovered fields.
Fayoum and Giza gas fields, located within the North Alexandria and West Mediterranean Deepwater concessions in the Mediterranean sea, are expected to start production before the end of 2018, with a daily output of 500-700 million cubic feet.
Egypt’s production of natural gas increased in December 2017 to reach 3.4 million tons, up from 2.7 million tons in December 2016, an official source in the petroleum sector said recently.
The increased production came on the back of starting production from four main fields, including West Delta’s Taurus and Libra fields as well as Atoll and Zohr gas fields.
In February, Deputy Chairman of the Egyptian Natural Gas Holding Company (EGAS) for production and fields’ development Mohamed Abdel Azim said that Egypt’s natural gas production will reach some six billion cubic feet a day by the end of fiscal year 2017/18.
Egypt’s gas production currently stands at 5.5 billion cubic feet a day, after adding some 1.6 million cubic feet as a result of starting production from the aforementioned projects.
The country's total natural gas consumption is about six billion cubic feet per day, of which roughly 65 percent goes to the electricity sector.
The new discoveries are expected to turn Egypt into a net exporter of natural gas as the country is expected to halt gas imports by mid 2018.
Egypt plans to stop importing liquefied natural gas (LNG) by the end of the 2017/18 fiscal year ending in June as it accelerates production at a number of newly-discovered gas fields, Molla said in January.