Karim Badawi, Minister of Petroleum and Mineral Resources, conducted a field visit to the natural gas production facilities of the North Sinai Petroleum Company (NOSPCO) in the Mediterranean. Accompanied by leaders from the sector, the Minister followed up on the operation of the Phase III “B” project wells “B” project wells, which generate an output of 34 million cubic feet per day (mmcf/d) of natural gas.
Bringing new wells into production reflects the success of the petroleum sector’s strategy to gradually expand local output, which helps secure the domestic market’s demand for natural gas, and reduces the import bill, Badawi said.
During the visit, the minister toured the offshore production platform and inspected the onshore facilities for processing gas. He also reviewed the operational status of the new wells with company leaders and work teams. These wells, with investments of $67 million, have contributed to increasing the company’s total production to about 60 mmcf/d. Badawi was also briefed on the preparations for implementing the fourth phase of gas production, with investments of $105 million.
It is worth noting that the production fields of NOSPCO are a joint investment between Egypt’s petroleum sector and Perenco Egypt, a subsidiary of the Egyptian-Kuwaiti Holding Company (EKH).