Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Local unrest delays British Gas production
Published in Daily News Egypt on 09 - 09 - 2013

Political and social unrest in Egypt have reflected on the production of international energy company British Gas (BG), which has announced delays in its 2014 production targets.
In an official statement released on 9 September, the company said: "Due to the ongoing political and social instability in Egypt, phase 9a of West Delta Deep Marine has suffered delays, resulting in initial production commencing later than expected in 2014, provided no further disruption is caused to the programme."
The gas giant, which also suffered from a four-month delay in Norway for unstated reasons, added that it anticipated "the combined impact from Egypt and Norway in 2014 will be a reduction of approximately 30,000 barrels of oil equivalent per day [boed]."
The company affirmed that 2015 production goals remain unchanged between 775,000 and 825,000 boed, but this goal is dependent on the recovery of natural gas prices in the United States and future events in Egypt.
Meanwhile, several oil and gas companies have successfully discovered new gas fields, including British Petroleum (BP) Egypt, which announced new discovery at the Salamat well, the first well in the North Damietta Offshore Concession granted in February 2010 and operated by BP, on 7 September.
"The wire longs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m net of Oligocene sands in Salamat," BP said in a statement.
Private sector gas company Dana Gas also announced on 27 August that it has achieved the highest production level for the company in the country in two years, with 200 million standard cubic feet per day, the equivalent of 41,500 boed and including over 8,000 boed of associated liquids.
"Egypt remains a core part of our long-term strategy and we remain committed to enhancing production and developing our assets in Egypt," said Patrick Allman-Ward, the general manager and incoming group CEO.


Clic here to read the story from its source.