British "Capricorn" expects to produce about 43K barrels of oil/day in Egypt

CAIRO - 25 January 2022: The British Company Capricorn Energy expected Tuesday that its oil production in Egypt would rise between 37-43 barrels per day in 2022, with an increase in oil and condensate reaching 35-40 percent of the total production.

 

The British Company announced that it has reached a production rate of 36,300 barrels per day from its operations in Egypt since the completion of the acquisition process on September 23 until December 31, 2021.

 

 

The company added in a statement that its oil production rose by 8 percent in its four concessions in Egypt after the completion of the acquisition process, and oil and condensate accounted for 38 percent of the total production during the period from September to October.

 

Capricorn Energy recently acquired assets including El Obeid, Badr El Din, and Alam El Shawish.