Egypt's Tharwa Petroleum seeks to acquire 6 concession areas in 2020

Tharwa drilled eight exploratory and development wells in 2019

  
Worker on an offshore oil platform. Image used for illustrative purpose.

Worker on an offshore oil platform. Image used for illustrative purpose.

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Cairo –  Tharwa Petroleum Company is looking to obtain six concession areas in 2020 and enter into partnerships with major companies, including Total, ExxonMobil, Chevron, BP, and Shell, the company’s chairman Amr El-Leithy said.

The company also plans to drill seven exploratory and development wells this year, El-Leithy added in a statement released by the Ministry of Petroleum on Tuesday.

In 2019, Tharwa drilled eight exploratory and development wells, leading to higher output, he pointed out.

The average output at the company’s areas reached about 6,800 barrels of crude oil per day.

Source: Mubasher

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