Egypt's Ministry of Petroleum and Mineral Wealth announced that its sector companies have successfully added 45 million cubic feet of gas daily and 540 barrels of condensates daily. This was achieved by bringing three new wells into production and restarting a fourth well after repairs in the Western Desert, Gulf of Suez, and Nile Delta regions.
The additions are part of the ministry's efforts to restore the growth of natural gas production locally, enhance market supplies, and reduce imports. The ministry stated that these additions are part of a comprehensive program aimed at accelerating the production of new wells, repairing and returning idle wells to their production rates, and maximizing the use of existing infrastructure.
The Ministry of Petroleum and Mineral Wealth emphasized that the return of investments to their target levels, after settling outstanding dues to partners, directly impacts drilling and development programs. This, in turn, enables the production of new wells and the restart of idle wells that were halted due to insufficient spending, supporting efforts to increase domestic gas production.
The new additions were achieved as follows: Khalda Petroleum Company brought the SKAL-2 well in the Western Desert into production at a rate of approximately 12 million cubic feet of gas daily. The Amal Petroleum Company restarted the Amal-23 A ST well in the Gulf of Suez at a rate of around 15 million cubic feet of gas daily.
In the Nile Delta region, the Ez-2 well was brought into production at a rate of approximately 10 million cubic feet of gas daily, alongside around 460 barrels of condensates daily. The Petrodusouk company started producing from the MA-1X well at a rate of about 8 million cubic feet of gas daily and 80 barrels of condensates daily.
The Ministry of Petroleum and Mineral Wealth confirmed that it will continue working with production companies and investment partners to accelerate the implementation of drilling, development, and repair programs. The goal is to maximize the use of existing infrastructure and production facilities, allowing for the continuous addition of new wells into production and enhancing domestic gas supplies.
The recent additions reflect the ongoing efforts of the Egyptian government to boost domestic gas production and reduce reliance on imports. These developments are crucial for meeting the country's growing energy demands and supporting economic growth.
Key points
- Egypt's Ministry of Petroleum adds 45 million cubic feet of gas daily from new wells.
- The additions aim to enhance domestic gas supplies and reduce imports.
- The ministry continues to work with partners to accelerate drilling and development programs.
