The drilling of seven wells at West Delta Deep Marine (WDDM) phase 9B is set to produce initial reserves of 236 billion cubic feet of gas, a statement by the oil ministry said.
Sabry El-Sharkawy, chairman of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company, said his company is working on connecting three other wells of Simian, Sapphire D and Sapphire East DC of the 9B phase, which have been discovered in WDDM.
The three wells are set to produce an initial production of 180 million cubic feet of gas per day, Sharkawy said, as his company eyes a target of 420 million cubic feet of gas per day and 11,000 oil barrels in the upcoming fiscal year.
His statements came during a meeting with Petroleum Minister Tarek El-Molla, where El-Molla chaired the general assembly meeting by Rashpetco to approve the amended budget of 2019/2020 and the draft budget of 2020/2021.
The 2015 discovery by Italy's Eni of the massive Mediterranean gas field Zohr, which holds an estimated reserve of 30 trillion cubic feet of gas, has significantly boosted Egypt's energy sector and its production of natural gas.
Egypt is looking to become a regional gas hub through its self-sufficiency in liquefied natural gas and promising gas exploration opportunities.