Of these, 69 wells were evaluated, resulting in 40 discoveries, with total reserves estimated at 42 million barrels of oil and condensates, and 1.3 trillion cubic feet of gas.
The vessel, which arrived from Germany, has a storage capacity of 174,000 cubic meters of liquefied natural gas (LNG).
Russian Minister of Industry and Trade, Anton Alikhanov, told Russian news agencies, “We are discussing projects to build LNG plants. Work is proceeding at full speed.”
The goal is to add approximately 7,500 barrels per day, increasing total production to 9,000 barrels per day.
To date, the company’s investments in Egypt have reached $150 million.
