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Journal of Al-Wasat
Al-Wasat has been a sign of good on the Egyptian economy since the discovery of the field and even in the working area Recently, the Italian company Eni, which is engaged in exploration and production in the oil and gas sector at 1.6 billion cubic feet per day of gas, compared to 1.1 billion cubic feet per day of natural gas per day since May.
The fifth processing unit is expected to be launched in September, bringing gas production to 2 Billion cubic feet per day.
According to the production plan of the Italian company, it is expected to increase field production to reach about 2.7 billion feet per day of gas in the middle of the year 2019.
The Italian company Eni announced in early May that it had increased gas production from a field to 1.1 billion cubic feet of natural gas a day after operating with successful third field production unit after only 4 months of operation
The engineer Tarek Al Mulla, Minister of Petroleum and Mineral Resources, announced the start of experimental production of the beginning of production in mid-December with a production capacity of about 350 million cubic feet per day of natural gas. This stage is officially opened in the presence of President Abdel Fattah al-Sisi in late January
The Italian company Eni announced the discovery of a field appeared on August 30, 2015 in the deep-water concession of Shorouk, in the Mediterranean, over an area of 100 square kilometers, estimated at 30 trillion cubic feet of gas. , Making it the most important of the Mediterranean, with 135% of the crude oil reserves of Egypt
The gas giant's development project of the gas production in the Mediterranean is l & # 39; one of the most important discoveries of this period. In addition to being one of the most important stages of Egypt on the road to self-sufficiency in gas.
Increased production in the field Egypt's total natural gas production reached 6.750 billion cubic feet per day and Egypt's gas production currently stands at 6 billion cubic meters. cubic feet at the end of this year.
Former press statements of Petroleum Minister Tariq Al-Mulla, the ministry was able to start production of 4 projects, the first phase of the project fields north of Alexandria, the development of the field from the field of Norse, and the beginning of the production of the field of 12h00. The investments made by the Italian company ENI to develop the field and start production of about 5 billion dollars According to the investment plan and the map of exploration and development in the concession area, investments in the region are expected to reach $ 12 billion with the completion of the second phase and up to $ 16 billion for the duration of the project.
In televised statements that Egypt's share of the "back" depends on the economic equilibrium with the foreign partner, not less than 40%, followed more rear-field production has increased our share, and will likely be Egypt's share of 50%. "
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Source: 7th day
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