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    Daily News Egypt: EGAS to link 16 gas production wells during FY 2014/2015

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Summary

A senior official at EGAS said the company plans to link 16 development wells to the production map in the current fiscal year (FY) 2014-2015.

by: Sruthi

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Press Notes, Africa

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Daily News Egypt: EGAS to link 16 gas production wells during FY 2014/2015

A senior official at Egyptian Natural Gas Holding Company (EGAS) said the company plans to link 16 development wells to the production map in the current fiscal year (FY) 2014-2015.

The links will increase production rates to roughly 4.95bn cubic feet of gas daily, compared to the current 4.75bn cubic feet.

In statements to Al-Borsa, the official said the 16 wells will produce around 920m cubic feet of gas daily, but will only add 200m cubic feet to Egypt’s production. The remainder of production will make up for the natural decline in wells production.

The official added that well production in Egypt naturally declines by 100m cubic feet monthly.
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