RES E A RC H & A N A LYS I S
INVESTIGATING EGYPT’S
NATURAL GAS EXPLORATION & DRILLING ACTIVITIES STATUSIN FYS (2018/19-2019/20) BY AMINA HUSSEIN, REHAM GAMAL, AND TASNEEM MADI
T
hrough the path to become a regional natural gas hub, Egypt was able to balance its performance in natural gas Exploration and Product of the most tragic periods facing the global petroleum market. While the international oil and gas markets suffered from the COVID-19 ne Natural Gas Holding Company (EGAS), in the latest annual report of fiscal year (FY) 2019/20, remarked an annual increase of 53.3% in th discoveries in Egypt. This is in addition to keeping a significant production rate of approximately 6.6 billion cubic feet per day (bcf/d).
This report highlights the development of the natural gas upstream activities between FYs 2018/19-2019/20, in addition to the main achievem FY 2019/20.
1. EXPLORATION ACTIVITIES
In FY 2018/19, 2D seismic survey program (SPEC Project) was acquired i Mediterranean Sea with an area of about 21,328 km, completing the seco I. SEISMIC SURVEYS of the project with a total area of about 21,904 km. Also, a 2D seismic acq 116.6 km in the Mediterranean Sea and the Nile Delta have been complet A key part of natural gas exploration is seismic surveying, which aims to create in addition to conducting a 3D seismic survey in the Nile Delta with a tota detailed images of basic geological formations. Hence, before drilling, seismic km2. In FY 2019/20, the 2D seismic survey program (SPEC Project) in Medit investigation must first be completed to define the potential drill location. was ongoing, while a 3D seismic survey in the Mediterranean was carried 2 a total area of 321 , explained km in EGAS’s Annual Reports 2018/19 and 2019/
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