Egypt's Minister of Petroleum and Mineral Resources Tarek El-Molla said Friday that the production of the first two wells in phase 9b of the West Nile Delta Project in the West Mediterranean Deepwater Concession is planned for the first half of October.
The project includes a total of eight wells and two exploration wells.
According to El-Molla, the third quarter of 2019 is expected to reach a total production rate of 400 million cubic feet of gas and 3,000 barrels of condensate per day with the completion of the remaining wells in the project.
El-Molla has previously stated that the project's total cost is almost EGP 14 billion (approx. $780,000,000).
The Rasheed Petroleum Company, which is owned by the Egyptian General Petroleum Corporation (EGPC), manages 50 percent of the Mediterranean Deepwater Concession, while Shell and Malaysia’s Petronas each administer 25 percent, according to Reuters.