Egypt

$35 Million Boost: EGAS Chairman Praises Desouk Petroleum's CPU Development

Published on : 2024-09-03

In a bid to strengthen engagement with field personnel, Engineer Youssef Mohamed, Chairman of the Egyptian Natural Gas Holding Company (EGAS), conducted a site visit to the North West Sidi Ghazi field development project in the Nile Delta region. He was accompanied by the Ministry of Petroleum and Mineral Resources' Undersecretaries for Production, Engineer Ahmed Mustafa, and for Exploration and Agreements, Dr. Samir Raslan, as well as Sameh Sabry, Vice President and Regional Director of Wintershall Dea.

The visit aimed to review the progress of the Central Processing Unit (CPU) development, successfully completed by the joint venture Desouk Petroleum (Desouko) at the end of August.

During the visit, Engineer Youssef Mohamed lauded Desouk Petroleum as a "distinguished model" among joint ventures and highlighted that increased production from the field will contribute to higher gas and condensate output rates. Sameh Sabry emphasized Wintershall Dea's commitment to boosting production as part of efforts to enhance petroleum performance and ensure a sustainable energy future for Egypt.

Desouko began the CPU development project in collaboration with Enppi and Petrojet in December 2022, with an investment of approximately $35 million, fully adhering to emission reduction principles and increasing the station's capacity.

The visit was also attended by Engineer Mohamed Rushdi, EGAS Vice President of Production, Dr. Abdel Hamid El-Gweili, Vice President of Agreements and Exploration, Amr Gamal, Deputy for Joint Ventures Oversight at EGAS, along with Engineer Ali Saleh, Operations Manager at Desouk Petroleum, and Olaf Ritz, General Manager of the company.

The visit underscored the importance of expediting development and production processes while adhering strictly to safety, health, and environmental protection standards, along with periodic reviews of plans and preparedness to ensure safe and sustainable operations.

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