Shell Egypt Energy Company intends to raise its production of natural gas in Egypt by 170 million cubic feet per day by the end of next December, from deepwater sites west of the Nile Delta, according to a government official who spoke to Al-Sharq on condition of anonymity.
Egypt, in cooperation with “Shell” and the Malaysian “Petronas”, is currently carrying out development work on 3 fields in the West Delta offshore region, and “production was added at a rate of 40 million cubic feet per day last October and about 65 million cubic feet per day this November, to be added.” 65 million cubic feet per day next December.”
The West Delta natural gas fields are located 90 kilometers off the coast of Egypt in the northwestern part of the Nile Delta, and 110 kilometers northeast of Alexandria. The depth of the fields located in the West Delta offshore concession ranges between 300 and 1,200 meters.
Burullus Gas Company is the main operator of the concession, and its capital is distributed between Shell in Egypt, Petronas, and the Egyptian General Petroleum Corporation.
The country, which has once again become an importer of liquefied gas since last April, is working to complete the payment of arrears to foreign oil companies before the end of the current fiscal year, to encourage them to intensify drilling operations and develop natural gas fields. Egypt's daily needs of natural gas reach up to 6 billion cubic feet per day.
Egypt provided foreign companies with new incentives to increase gas production, represented by allowing the export of a certain share of the new production, so that its revenues would be used to pay the required dues, in addition to raising the price of these companies’ share of the new gas production.
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