UK-based Harbour Energy plans to boost natural gas production from its projects in Egypt, including the Disouq field in the Nile Delta and offshore fields in the West Nile Delta, the Ministry of Petroleum and Mineral Resources (MoMPR) said in a statement. In addition, the company outlined a three-year investment program targeting additional output from its concessions in partnership with bp.
In his meeting with Sameh Sabry, Harbour Energy’s regional managing director for the Middle East and North Africa, Karim Badawi, the Minister of Petroleum, reviewed the opportunities available for the company in Egypt’s oil and gas sector. The minister noted that his recent meeting with Harbour’s CEO Linda Cook had highlighted the company’s interest in bolstering exploration and production in Egypt.
Badawi further stressed that the ministry is committed to removing obstacles for partners to help increase output.
The talks also touched on investment opportunities available through the Egypt Upstream Gateway (EUG) which might be of interest for the company in the coming period.
Earlier this year, the Egyptian Natural Gas Holding Company (EGAS) and Harbour Energy signed an agreement to expand exploration and production operations onshore Disouq gas field in the Nile Delta concession area.
Harbour Energy is one of the world’s largest independent oil and gas companies, with operations across Europe, Latin America, North Africa, and Southeast Asia.