Dec 08 2010 |
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NPC ups oil production in Shukheir Bay
07 December 2010National Petroleum Company (NPC), the upstream oil and gas platform company of Citadel Capital , said it has increased its production by 1,700 barrels of oil per day (BOPD) in the Sukheir Bay Field.
In a press statement, the firm said this development is expected to increase NPC's total daily oil production from its Shukheir Marine properties to 2800 BOPD. The field is located approximately 125 km north of Hurghada on the western coast of the Red Sea.
NPC's concession operator, Offshore Shukheir Petroleum Co. Ltd, a joint venture company of NPC's Petzed Investment and Project Management Ltd and the Egyptian General Petroleum Company (EGPC) , completed the drilling of the Shukheir Bay-6 well (SHB-6) to the Kareem reservoir in November 2010.
Additional reservoir modeling has also been initiated to address the possible extension of the Kareem and the confirmation of additional upside in the primary Lower Rudeis reservoir.
© Daily News Egypt 2010
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