First Oil Field Discovered in Northern Egypt
Posted on: Sunday, 3 July 2005, 09:00 CDT
First oil field discovered in northern Egypt
CAIRO, July 2 (Xinhua) -- Egypt has discovered its first oil field in the northern Nile Delta region with pumping capacity of 2, 000 barrels of oil per day, the official MENA news agency reported Saturday.
Egyptian Petroleum Minister Amin Sameh Samir Fahmi said the Tamad- I field, nearly 15 km southeast of Mansoura city which is 90 km north of Cairo, has reserves of approximately 12-14 million barrels of extra light crude and an estimated 0.6-1.4 billion cubic meters of natural gas.
About 2,000 barrels of oil and 40,000 cubic meters of gas have been flowing daily from the onshore field, he added.
Egypt produces 740,000 barrels of oil and 21.2 billion cubic meters of natural gas per day. The country has a proven reserve of 2.7 billion barrels of oil and 1.87 trillion cubic meters of gas, according to official data.
Source: Xinhua News Agency - CEIS
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