Gulf Oil and Gas accountACCOUNT

BP to Begin North Alexandria Oil Output in Early 2017

Source: El Masry Al Youm 10/25/2015, Location: Africa

British oil major BP will begin production at its north Alexandria concession in early 2017 rather than mid-2017, Egypt's petroleum minister Tarek El Molla said at a news conference.

The offshore concession's output will be roughly "450 million cubic feet per day in 2017 and reach 1.2 billion cubic feet per day by the end of 2019," said El Molla.

These volumes will mean a significant boost to gas production in Egypt, a country that has been searching for ways to plug acute energy shortages that have slowed production at many of the country's energy-intensive industries.

BP also said this week it had been awarded three new offshore exploration blocks in Egypt and that it and its partners had committed to investment of $229 million.

Egyptian authorities have in recent months worked to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will encourage investment in the energy-hungry country.

Once an energy exporter, falling oil and gas production coupled with rising consumption have forced Egypt to divert supplies to the domestic market and it is now a net energy importer.



Production News in Egypt >>

Oman >>  7/19/2019 - Petroleum Development Oman’s (PDO) Rabab Harweel Integrated Project (RHIP) has entered the start-up phase with gas production from six sour wells to d...
Iran >>  7/13/2019 - Iran has awarded dozens of contracts worth $6.2 billion to domestic companies to have oil production increase by 280,000 barrels per day (bpd) as part...

Russia >>  7/9/2019 - Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production pe...
Netherlands Antilles >>  7/8/2019 - Tulip Oil Netherlands Offshore, a wholly owned subsidiary of Tulip Oil Holding, is pleased to announce the latest quarterly Q10 Project update. ...

France >>  7/3/2019 - Total has started up production at the La Mède biorefinery in southeastern France, with the first batches of biofuel coming off the line. It is the fi...
Mexico >>  7/2/2019 - Eni has started the early production phase from the Mizton field in Area 1, located in the Campeche Bay offshore Mexico. This is the first step in the...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

Oil & Gas Projects in Egypt >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.