NPC increases output at Gulf of Suez field

Cairo: National Petroleum Company (NPC), a Cairo-based upstream oil and gas exploration and production company, yesterday announced a major production increase.

Production on the Shukheir Bay-5 ST, in the Shukheir Bay Field of the Shuhkeir Marine Gulf of Suez concession, has been increased from 60 to 1,600 barrels per day (bpd) from the Lower Rudeis sandstone.

This raises total production at NPC to 1,908 barrels of oil per day.

The NPC, Citadel Capital's upstream oil and gas business, has undertaken operations on its Shukheir Bay-5 ST well, which was drilled in June 2006.

Lease rights

NPC has lease rights on the 40-square-kilometre development lease, which is located approximately 125 kilometres north of Hurghada on the western coast of the Red Sea. Offshore Shukheir Petroleum is the concession operator.