Egypt Oil & Gas: General Petroleum Company (GPC) has achieved a production record of 62,000 barrels per day (bbl/d) for the first time ever since its establishment in 1957, according to a statement.
This production record indicates the successful work program implemented in GPC’s various fields in the Eastern and Western Deserts, the Gulf of Suez and Sinai. The statement indicates that the work program targeted new exploration operations and development of existing fields, in addition to putting new wells to production and developing the infrastructure to sustain the production.
This success aligns with the company’s production plans for the coming period which also includes the development of the HF36/5 exploration area in Abu Sennan in the Western Desert which is expected to be completed during H2 2020, in addition to accelerating production from well HH 83/2 in the Gulf of Suez and South Al-Hamad. GPC also has a pipeline project in the Bahar region with the Egyptian Bahraini Gas Derivative Company which aims to maximize the added value of natural gas production. The project is expected to be completed within six months and to increase GPC’s production of crude oil, natural gas, and condensates.
GPC has taken advantage of Schlumberger’s Pulsar Multifunction Spectroscopy (PNX) technology in two offshore wells in a production field that has been operating since 2004, but was closed for producing water only. After taking the needed prosecutions, the wells are now fully operational and producing crude oil.
Furthermore, health, safety, and environment (HSE) indicators increased from 78% to 92% as a result of implementing urgent programs according to the ministry’s strategy in this field.
http://egyptoil-gas.com/news/gpc-achieves-production-record-of-62000-bbld/
