Egypt prepares to boost gas output
Egypt's petroleum sector, in collaboration with the British company BP, is preparing to add 80 million cubic feet of natural gas daily from the Fioum North-4 well in the Mediterranean Sea. This comes after the team successfully implemented a side track to increase production and reduce costs. The targeted reservoirs have been reached at depths exceeding 3,000 meters, with production set to commence soon. This development enhances the utilization of existing infrastructure and reduces reliance on imports. The new quantities are expected to support the local market, lower the import bill, and increase energy security in Egypt.
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