Egypt’s dependence on the Eni-operated 21.5tcf Zohr gas field is no secret, with the field contributing 39% of Egypt’s record 7.07bn cfd for Q3 (MEES, 12 November). But for smaller firms, output decline has become a harsh reality of the landscape in Egypt.
Greek firm Energean, which inherited the offshore Abu Qir gas field following its takeover last year of Italy’s Edison, has now seen firsthand steep decline at the field which saw production average 148mn cfd during the first nine months of 2021, down 45% from 2017’s 270mn cfd. Output was just 137mn cfd (28,100 boe/d including liquids) for Q3 with the firm guiding a further fall to just 127mn cfd for Q4 (see chart 1). (CONTINUED - 890 WORDS)
