Gas Field
The ministry said in a statement that the two wells will be put on the map of production in 2020.
The primary results of three dimensions of the seismic survey revealed that the near-surface layer (Pliocene) which includes dry gas has an average of native gas that is estimated at 821 billion feet of gas.
The source added that the Italian company started digging in the last week of September, noting that the digging process will not take more than two months.
Production of the field is scheduled to reach 1.2 billion cubic feet per day in May and two billion cubic feet per day by the end of 2018, amassing 2.7 billion cubic feet per day.
Discovered in 2015 by Eni, the field contains an estimated 30 trillion cubic feet of gas.
East Timor and Australia signed a treaty at the United Nations in New York on Tuesday to resolve a long-running dispute over their maritime border.
Egypt Kuwait Holding finished drilling wells number 4 and 5 in Taw field, noting that the preliminary results for drilling these wells are positive.
Italy’s Eni and France’s Total have discovered a promising natural gas field off Cyprus.
The Petroleum Ministry announced a plan to completely settle the dues before the end of 2020.
President Abdel Fatah al-Sisi said Tuesday that the emergency law, recently approved by the Parliament, will be decisively applied to land transgressions.
The First phase of British Petroleum - operated Taurus/Libra gas fields will save Egypt $1 billion in gas imports.
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