Business
gasNaftogaz started mining natural gas in Egypt
National joint-stock company Naftogaz Ukrainy from the moment of launching a first phase of the gas pipeline and finishing the development of fields on the territory of Alam Еl Shawish East n the Western Desert in Egypt has brought daily production to 300,000 cubic meters a day.
"In September and October 2014 a total of 19 million cubic meters of natural gas has been extracted," the holding said on Thursday.
Naftogaz Ukrainy said that this year the holding will also produce around 260,000 tonnes of oil in Egypt, which is around 11-12% of all annual oil extraction in Ukraine.
A total of 16 wildcats, 12 test wells and 12 exploitation wells have been drilled, and seven oil and gas fields have been explored and extraction was started at four of them.
"In 2015, it is planned to finish building the technological infrastructure on the fields and commission pipelines, thanks to which it will be possible to connect other producing wells and enter the production rate of up to 950 tonnes (now around 740 tonnes) of oil and 700,000 cubic meters of gas a day," Naftogaz Ukrainy said.
Source: Interfax-Ukraine
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