Energean is in the process of taking over Edison’s Egyptian assets in a deal reached last year.
Petroleum Sector will complete linking well number 13 of Zohr gas field toproduction by the end of September, an official source at the sector said.
The minister said that the current production of Zohr field represents eight times the production of about 2 years of the first field production in December 2017.
The Zohr gas field now produces 2 billion cubic feet per day, equivalent to approximately 365,000 barrels of oil equivalent.
The daily natural gas production from Zohr gas field has increased to two billion cubic feet
The trial operation of Egypt’s largest and most modern natural gas lab has started with the aim of analyzing natural gas, water, condensates and sulfur produced by Zohr field.
The company stated on Friday that gas production from Zohr field will expectedly hit two billion cubic feet a day as the company is slated to open the fifth processing facility in September
“If the deal of the century does not include the establishment of Palestinian state with East Jerusalem as capital, it would be unacceptable,” Ayed told Egypt Today.
Total dues of foreign oil companies operating in Egypt reached LE1.2 billion at the end of last fiscal year, the lowest level since June 30, 2010.
Egyptian Petroleum Company, Petrojet, set a new record of 35 million safe working hours at Zohr gas field.
Eni has agreed to sell to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, a 10 percent stake in the Shorouk concession
Recently, a new crisis has been added to the list, namely the dispute between Middle Eastern nations over gas drilling rights.
Minister of Petroleum Tarek al-Molla said that Egypt accomplished four important projects for gas production in 2017.
President Abdel Fatah al-Sisi is witnessing Wednesday the beginning of the early production of the giant Zohr gas field.
President Abdel Fatah El Sisi will on Wednesday give the green light for producing natural gas from Zohr field
Egypt will achieve its self-sufficiency of natural gas before the end of 2018, with gas production amounting to six billion cubic feet of gas a day.
The scope of work will include installing 30 gas export pipelines, Saipem says.
Media reports circulated photos of a gas flame was reportedly seen for the first time coming from the Zohr gas field in the Mediterranean.
The Zohr gas field will be connected to the national gas grid in the first phase before the end of 2017