Atoll
The ministry said in a statement that the two wells will be put on the map of production in 2020.
Production from the field increased by some 50 million cubic feet of gas a day (cfd) since it started production to stand at 350 million cfd.
Egypt’s gas production reached around 5.4 billion cubic feet a day (cfd) in February 2018, an official source in the petroleum sector said Saturday.
Egypt’s production of natural gas increased in December 2017 to reach 3.4 million tons, up from 2.7 million tons in December 2016.
Egypt's natural gas reserves in the Mediterranean and the Nile Delta reach about 122 trillion cubic feet of natural gas.
BP Chief Executive Bob Dudley has invited international petroleum companies to invest in Egypt, describing investment in Egypt as a guaranteed success.
British Petroleum Company (BP) announced that Atoll project was delivered seven months ahead of schedule and 33 percent below the initial cost estimate.
BP holds 100 percent interest in the concession.
Atoll is expected to start production before the end of 2017.
The production is estimated to come at a rate of 300 million cubic feet of gas per day.
Molla asked companies working on Atoll field to double production from the project.
Most Read
