Egypt announced several new oil and gas discoveries in the Western Desert and the Nile Delta in October. According to Petroleum and Mineral Resources Minister Karim Badawi, these finds will add more than 5,000 barrels of oil and 42 million cubic feet of gas per day to the country’s production.
For the first time in two years, two new natural gas discoveries were made in the onshore Nile Delta by Britain’s Harbour Energy and the United Arab Emirates-based Dana Gas. Together, these fields are expected to produce 19 million cubic feet of gas daily, the ministry said.
In the Western Desert, several joint ventures, including Khalda Petroleum, Agiba Petroleum, and Petrosannan Company, along with the state-owned General Petroleum Company, reported new discoveries. These are expected to yield around 5,400 barrels of oil and 23 million cubic feet of gas per day.
Minister Badawi explained that the new discoveries reflect the ministry’s ongoing commitment to easing the national economy’s dependence on imported oil and gas. He said the goal is to strengthen local production and add new sources that help reduce the cost of imports.
Since July, Egypt has made 18 new oil and gas discoveries, with 13 already producing. Together, these fields currently generate about 14,000 barrels of crude and condensates and 44 million cubic feet of gas per day, according to the ministry.
source: english.news.cn
African Energy Council