{"id":7746,"date":"2023-09-18T14:26:29","date_gmt":"2023-09-18T14:26:29","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=7746"},"modified":"2023-09-18T14:26:29","modified_gmt":"2023-09-18T14:26:29","slug":"egypt-to-boost-oil-and-gas-production-with-new-zohr-gas-field-wells","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/7746\/","title":{"rendered":"Egypt to boost oil and gas production with new Zohr gas field wells"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\"><p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0Egypt is set to bolster its oil and gas production with plans to drill multiple new wells in the Zohr gas field throughout 2024 and 2025, according to a statement from the government.<\/p>\n<p>The move aims to ramp up output, improve operational efficiency, and intensify research and exploration work, said Minister of Petroleum &amp; Mineral Resources Tarek El-Molla.<\/p>\n<p>This development signals an upswing in Egypt\u2019s energy sector, with the Zohr gas field playing a pivotal role in the nation\u2019s hydrocarbon landscape.<\/p>\n<p>During the fiscal year 2022-2023, El-Molla explained\u00a0that the average daily production of natural gas from the Zohr field stood at about 2.4 billion cubic feet, accompanied by about 3,700 barrels per day of condensates.<\/p>\n<p>He\u00a0highlighted that the gas field\u2019s 12th well is set to commence\u00a0production by the end of next October, bolstering the efforts to sustain these production rates.<\/p>\n<p>The minister\u2019s comments came during the General Assembly of Petrobel\u00a0and Petro Shorouk\u00a0via video conference, where business results for the fiscal year 2022-2023 were approved.<\/p>\n<p>El-Molla stressed that the partnership between Petrobel, a subsidiary of the Egyptian General Petroleum Corp., and the Italian energy company Eni represents\u00a0a successful model of cooperation and integration within Egypt\u2019s petroleum industry.<\/p>\n<p>Their combined expertise\u00a0and capabilities have led to success stories and new discoveries, contributing to Egypt\u2019s increased production rates and reserves of oil and gas, he highlighted.<\/p>\n<p>El-Molla emphasized the need to intensify drilling activities, develop implementable engineering and technical solutions, and leverage\u00a0cutting-edge\u00a0technologies to further augment production rates.<\/p>\n<p>He underscored the significance of sustainability, emphasizing the application of safety, occupational health, and environmental procedures to preserve human resources, assets, and equipment within the industry.<\/p>\n<p>In the same assembly, Petrobel\u2019s\u00a0Chairman\u00a0Khaled Mowafi\u00a0disclosed\u00a0that the company\u2019s production of oil, natural gas, condensates, and butane during the past year amounted to about\u00a093 million barrels of oil equivalent.<\/p>\n<p>Additionally, investments in the exploration, development, and operation of gas and oil fields during the same period totaled about $737 million.<\/p>\n<p data-gtm-vis-recent-on-screen-109681369_148=\"80164\" data-gtm-vis-first-on-screen-109681369_148=\"80164\" data-gtm-vis-total-visible-time-109681369_148=\"100\" data-gtm-vis-has-fired-109681369_148=\"1\">Established in 1978, Petrobel\u00a0is considered one of Egypt\u2019s largest companies operating\u00a0in the petroleum and energy sector, making significant contributions to the nation\u2019s energy landscape.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-09-18T14:26:29+00:00\"> 18 September 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Egypt is set to bolster its oil and gas production with plans to drill multiple new wells in the Zohr gas field throughout 2024 and 2025, according to a statement from the government.\u00a0","protected":false},"author":1,"featured_media":7747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[20,46,36,19,35],"tags":[],"services":[],"class_list":["post-7746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gas","category-international","category-lastnews","category-news","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=7746"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/7747"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=7746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=7746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=7746"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=7746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}