
HAMBURG, Germany, Aug. 29 (UPI) -- The Egyptian division of German energy company RWE said it confirmed an extension of an existing natural gas discovery in the Nile Delta region.
RWE Dea Egypt said a development well confirmed the extension of the North Sidi Ghazy-1x discovery in the Nile Delta, part of the Disouq concession.
The company said the well flowed at a rate of 1 million cubic feet per day during initial testing.
"I am very delighted with the recent results of this well, which will enable us to develop the entire reservoir," RWE Dea Egypt General Manager Dirk Warzecha said in a statement.
The company said production is intended for the Egyptian market. Production from the Disouq concession is expected by next year.
RWE was awarded the concession in 2004. It covers around 2,000 square miles in the Nile Delta.
This week, British energy company BP announced a similar success in the region at its Taurt North and Seth South plays.
The U.S. Energy Department's Energy Information Administration states that proven natural gas reserves in 2012 in Egypt were the third highest in Africa at around 77 trillion cubic feet.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 22 (UPI) --
U.S. President Barack Obama would veto a House measure that would fast-track the approval of the planned Keystone XL oil pipeline, the White House said.
|
SANTIAGO, Chile, May 21 (UPI) --
More than $4 billion of cash reserved for Chilean military procurement remains unspent because of mysterious workings of funding arrangements.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption