Abu Qir Achieves 263 mscf/d Gas Output in 2017/18

Abu Qir Petroleum produced an average 263 million standard cubic feet per day (mscf/d) of natural gas during fiscal year (FY) 2017/18, a 45% increase from FY 2016/17, Egypt Oil & Gas reports.

Output levels were boosted after four wells at North Abu Qi were linked to production.

The company also produced 5,025 barrels per day (b/d) of oil and condensates, a 58% increase from the previous fiscal year, and 239 tons of butane, a 36% increase from the year before.

Over the course of the fiscal year Abu Qir  produced a total of 96 billion cubic feet (bcf) of natural gas, 1.8 million barrels of crude oil and condensates, and 87,000 tons of butane.

The new information was revealed by company head Alaa el Din Fathy during a meeting with petroleum minister Tarek El Molla to review the company’s performance in the 2017/18 financial year.

Egypt Oil & Gas Contribution Time: 09-Sep-2018 12:04 (GMT)
Egypt Oil & Gas Last Update Time: 09-Sep-2018 12:04 (GMT)