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The Minister of Petroleum and Mineral Resources Eng. Tariq Al Mulla stressed the importance of adhering to timetables in well development activities to put them quickly on production, as well as intensifying exploration activities to contribute to increasing oil and gas production and facing the challenges of natural diminishing of wells, with the aim of continuing to secure the country’s needs of natural gas and petroleum products and meet Requirements for economic development plans.
The Ministry of Petroleum stated, in a statement on Monday, that this came during the general assembly of the companies Rashid and Burullus to adopt the revised planning budget for 2019/2020 and the planning budget for 2020/2021.
For his part, Eng. Sabri Al-Sharqawi, President of Rashid and Al-Burullus companies, explained, according to the statement, that work is underway to evaluate the 10 stage studies from the West Delta field, which are expected to add initial reserves estimated at about 236 billion cubic feet through the drilling of 7 wells, pointing out that it has Deep exploratory layers were targeted for the first time in the history of the company with a layer (C gel) in the work of drilling (Swan East) succeeded in increasing the rate of production of the initial well to 110 million cubic feet of gas per day, an increase of 50 million cubic feet from the target.
He said: “Work is underway to link the last 3 wells (Simian DR, Sapphire D and Sapphire East DC) from stage 9 (b) to the deep waters of the western delta during the next few months,” adding that all the wells of this stage have been completed and that the three The recent wells will add an initial production rate of about 180 million cubic feet of gas per day.
It is planned to reach the production rate from the field to about 420 million cubic feet of gas per day and about 11 thousand barrels of condensate during the next fiscal year.
Al-Sharqawi pointed out that the budget for the fiscal year 2019/2020 aims to pump investments estimated at about 167 million dollars, pointing out that work is being done to drill a (Monto) well at an initial cost of about 99 million dollars by the (Indian Discovery) drilling rig, which targets high-pressure and heat layers on Depths of up to 20 thousand feet.
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