Royal Dutch Shell’s natural gas output from the West Nile Delta Burullus and Rashid fields has declined to 250 mcf/d from 400 mcf/d the previous year due to decreasing well productivity, an Oil Ministry source told the domestic press. The company is aiming to link 100 mcf/d from Phase 9B of the Burullus gas field in 1H2019 to make up for part of the drop, the source said. The company had previously hoped to increase output to 450 mcf/d by the end of FY2018-2019, an EGAS source said.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…