Croatia's INA Starts Production at its 1st Gas Well in Egypt
Croatian oil and gas group INA said on Thursday it has put into production its first gas well in Egypt.
"After the commercial discovery of gas on the East Damanhur block in the Nile Delta at the end of 2022, the gas well was promptly connected to the production infrastructure of the nearby Disouq field and put into production on September 26," INA said in a press release. INA's share of initial gas output is appr. 200 barrels of oil equivalent per day (boepd).
INA entered the East Damanhur concession in 2021 with a 20% participating interest, with operator Wintershall Dea and partner Cheiron Energy completing exploration activities earlier this year.
INA has been involved in exploration and production activities in Egypt since 1989, focusing mainly on the Western Desert and the Nile Delta, where it is conducting activities on four production concessions – North Bahariya, Ras Qattara, West Abu Gharadig and East Damanhur, and on the exploration concession Ea st Bir El Nus also in the Western Desert.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
