Naftogaz ups oil production in Egypt by 11.5% in 2014

Naftogaz Ukrainy in 2014 increased oil production in Alam El Shawish East in Egypt’s Western Desert by 11.5% (by 200,000 barrels) compared to 2013, to 1.932 million barrels, the state holding’s press service has announced.

According to its data, total oil production in Egypt since the beginning of the company’s work in 2009 exceeded 5.35 million barrels.

In addition, gas production since its launch in September 2014 amounted to 50.88 million cubic meters of gas.

In general, as part of the Egyptian project the company drilled 42 wells, of which 30 are in production (24 oil and six gas condensate wells), and another one is being tested. As of January 1, 2015 the holding operated 18 wells – 14 oil and four gas condensate.