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Egypt’s General Petroleum Production Rates 'unprecedented'

Source: Al Ahram Online 8/4/2017, Location: Africa

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Egypt’s state-owned General Petroleum Company has reached unprecedented production rates of 57,000 barrels of oil equivalent per day, the petroleum ministry said in a Friday statement.

The increased production rates follow the discoveries of two new fields, NES-5 and NES-7, the statement added.

The combined production of the two fields is 3,000 barrels of crude oil per day and 1.5 million cubic feet of gas.

GPC is currently implementing a plan to reach a production rate of 60,000 barrels of equivalent oil per day by the end of this year, the statement added.

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