Date: 2 months ago   Category: Energy

Friedman's DEA began gas production on two new fields in Egypt — Rambler News Service


The DEA Deutsche Erdoel AG company controlled by the businessman Mikhail Friedman began (together with BP) gas production on fields Giza and Fayoum within the West Nile Delta (WND) project in Egypt, is said in the statement of DEA. "DEA and BP operator began production on two gas West Nile Delta fields - Giza and Fayoum" — it is said in the statement. Originally on fields Giza and Fayoum about 400 million cubic feet of gas a day will be extracted, further production has to grow to 700 million cubic feet a day. Gas production within the WND project began in March, 2017 with the first two fields - Taurus and Libra. Now arrangement of three fields - Giza, by Fayoum and Raven is conducted. DEA has 17.25% in West Nile Delta (concession of North Alexandria and West Mediterranean Deep Water), at the same time an operator of the project and the owner of the remained share is BP.

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