Royal Dutch Shell’s natural gas output from the Rashid and West Nile Delta Burullus fields has declined in April to 240 mcf/d from 250 mcf/d the previous month as a result of decreasing well productivity, an EGAS source told the local press. Shell is planning to link the first phase of Phase 9B of the West Nile Delta Burullus field by 1H2019 to produce 100 mcf/d to compensate for the drop, with the second phase coming online in the next financial year. The company aims to raise production to 350 mcf/d by the end of 2019.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…