dailynewsegypt.com
Preparations commence on drilling 3 West Nile Delta gas wells costing $250m
Natural gas sales from Rashid and Burullus companies amounted to about 309m scf/day
Daily News Egypt August 26, 2020 Comments Off

P
reparations are underway to start drilling three development gas wells in the West Nile Delta area, Sherif Hassaballah, Chairperson of the Burullus Gas Company and Rashid Petroleum Company (Rashpetco), has announced.
The drilling comes as part of the West Delta Deep Marine project’s 10th stage to produce natural gas, and is set to cost an estimated $250m.
Hassaballah added that the prospects are currently being re-evaluated to achieve the best use of the Rashid concession area, after the results of the Monto well were analysed. This will work towards starting the preparations of a work programme to maintain production facilities at the Rashid offshore field.
Hassaballah’s remarks came during the Burullus and Rashid companies’ general assembly meeting which took place by video conference. The meeting, which was headed by Minister of Petroleum and Mineral Resources Tarek El Molla, was held to approve the results for fiscal year (FY) 2019/20.
Hassaballah stated that natural gas sales from the Rashid and Burullus companies amounted to about 309m cubic feet of gas per day (scf/day), with the rate of condensates production at about 8,000 barrels per day.
He pointed out that all wells in phase 9B of the West Nile Deep Delta Project have been drilled and completed. This could bring the production capacity to about 500m scf/day.
Hassaballah explained that despite the challenges posed by the novel coronavirus (COVID-19) pandemic, land construction work has been completed in the El Maadeya Square area.
For his part, El Molla stressed the importance of completing field development projects and continuous coordination with foreign partners. This would come in addition to taking all measures to contribute to reduced production costs and rationalising spending, whilst continuing to develop industrial safety systems, and preserving the environment.
The minister also indicated the need to work on developing and raising efficiency of the infrastructure and available productive facilities. He called for new deep exploration layers to occur using modern technologies, with the aim of increasing production rates and reserves.
Topics: Gas West Nile Delta
Daily News Egypt
MORE IN BUSINESS
MORE IN DAILY NEWS EGYPT
Recommended
Minister of Petroleum, Mineral Resources: realisation of 11 gas, oil projects during next FY
1 year after EEDC: What has been achieved?

Featured Video
Video| Egypt’s President Al-Sisi weighs in on freedom of expression, Islamic extremism
Editorial Pick
Opinion| Abiy Ahmed: Will a Nobel peace laureate be wanted in The Hague?
3rd Egypt Honey Festival concludes after huge turnout
Egypt reopens Avenue of Sphinxes in celebration like no other
For peace in Ethiopia, Abiy’s regime must be removed, say Oromo forces 
Latest News
Central Bank of Egypt issues $1bn worth T-bills
Al-Sisi promotes rights of people with special needs
Meet Abdelrahman Othman, the Egyptian who Defeats Blindness and Technology
OPINION
Opinion| Abiy Ahmed: Will a Nobel peace laureate be wanted in The Hague?
Opinion| Consequences of US withdrawal from Middle East
Opinion| UNIDO Egypt fosters manufacturing sector recovery in a changing economy
Opinion| Egypt’s strong role in the Middle East
MORE OPINION
Receive our daily newsletter
Subscribe