Gulf of Suez oil discovery to add 3,000bbl/d to Egypt’s production

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output is set to be added to Egypt’s production figures in the upcoming days, with an estimated initial output of 3,000 barrels per day (bbl/d) of crude oil.According to the ministry, this development is part of a sequence of recent achievements in Egypt’s oil and gas exploration activities.The new well, named Crystal Northeast Ramadan, was discovered using ocean bottom seismic technology, which enabled the detection of “promising geological formations” beneath the seabed that had previously not been accessible.The existing Al-Fanar platform, owned by EGPC, was used for drilling and for the early phase of production, according to Egypt Oil & Gas.This approach is said to have avoided the need to build a new platform, contributing to cost reduction and demonstrating efficient use of the sector’s current infrastructure and assets.The ministry noted that the new discovery is in line with efforts to stabilise and increase oil production.Other recent discoveries include Khalda Petroleum Company’s new natural gas find, Gomana-1, in the Western Desert, which is expected to yield approximately 36 million cubic feet per day.According to Minister of Petroleum and Mineral Resources Karim Badawi, the sector has made 75 oil and gas discoveries and brought 383 new wells online.In the ministry’s podcast, PetroCast, Badawi also reported that current natural gas production has reached around 4.2 billion cubic feet per day, with plans for further increases.In September, EGPC signed three new agreements with international companies for oil and gas exploration in the Western Desert, Gulf of Suez and North Sinai regions."Gulf of Suez oil discovery to add 3,000bbl/d to Egypt’s production" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. 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