“If the geology works out the way that we think it will, then in the success case it could be a 4-6 trillion cubic feet gas reserve,” Allman-Ward said
Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohamed Barkindo said that Egypt has become one of the main sources of energy in the region.
Agiba Petroleum Company is planning to produce 46,000 barrels of crude oil per day and 16 million barrels per year during the fiscal year 2018/2019.
Over the previous fiscal year, four gas discoveries were announced in the Mediterranean and Nile Delta regions.
Production of Burullus fields recorded 526 million cf/d and more than 6,000 barrels of condensates.