Walid El-Bahnasawy
Eng. Sabry El-Sharkawy, President of Rashid and Al-Burullus Group, reported that research is underway to connect the last three wells (Simian DR, Sapphire D and Sapphire East DC) from stage 9(b) to the deep waters of the western delta over the next few months, suggesting that all wells of this stage have been completed and that the last three wells would add an initial production rate of about 180 million cubic feet of gas per day.
The production rate from the field is projected to reach approximately 420 million cubic feet of gas per day and approximately 11 thousand barrels of condensate during the next financial year, and that work is ongoing on Evaluation of Phase 10 field studies Preliminary reserves estimated at approximately 236 billion cubic feet through 7 wells are expected to be added; stressing that for the first time in the history of the drilling company (C Gel) deep exploratory layers (Swan East) have succeeded in increasing the production rate of the initial well to 110 million cubic feet of gas per day, an increase of 50 million cubic feet above the target.
Al-Sharkawy added that the budget for fiscal year 2019/2020 aims to pump investments estimated at about $167 million, and work is underway to drill the (Monto) well at an initial cost of about $99 million from the (Indian Discovery) drilling rig, which targets high-pressure and heat layers at depths of up to 20 thousand feet.
Moreover, The work of the Geological Society was attended by Ashraf Farag, First Undersecretary of the Ministry of Petroleum for Agreements and Exploration, Eng. Abed Ezz Al-Regal, CEO of the Petroleum Authority, Eng. Osama Al-Baqali, President of EGAS Company, Engineer Khaled Al-Qasim, President of Shell Egypt, Vice Presidents of the Authority for Exploration, Production, and Control of foreign and joint companies, industrial safety and security and vice presidents of EGAS Operations, Agreements, Exploration and Production.
This came during the chairmanship of Eng. Tarek Al Mulla, Minister of Petroleum and Mineral Resources, the works of the General Assembly of Rashid and Burullus to approve the revised planning budget for 2019/2020 and the planning budget for 2020/2021.
Affirmingly, Al-Mulla confirmed during the association the importance of adhering to timetables in well development activities to put them quickly in production; in addition, he highlighted the necessity of intensifying exploration activities to contribute to increasing oil and gas production along with facing the challenges of natural diminishing of wells in order to continue to secure the country’s needs of natural gas and petroleum products and meet the requirements of economic development plans.
