Arab FinanceThe Dutch Shell and Malaysian Petronas companies aim to complete connecting about 300 million cubic feet of gas per day from the production of the tenth and eleventh phases to the Burullus fields in the West Delta in Egypt by next January, with investments estimated at $420 million, according to the East Economy.
Burullus Company seeks to connect three wells from the West Delta deepwater fields next month with a total production of about 150 million cubic feet of gas per day, and to connect the eleventh phase by January. The new production will also raise the total production of Burullus fields to about 450 million cubic feet per day compared to about 220 million cubic feet per day. One million cubic feet currently, after completing the connection of two phases of Burullus fields.
It is worth noting that the Egyptian Ministry of Petroleum and Mineral Resources aims to increase natural gas production rates by the end of this year to about 5 billion cubic feet per day, compared to 4.7 billion cubic feet of gas currently, and the natural decline rates of Egypt’s natural gas production have reached about 100 million cubic feet per month. What is currently tied to production comes to compensate for that loss and maintain production rates until foreign partners start connecting new wells to production.
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