In 2015 Naftogaz Ukrainy increased production of oil and condensate by 20.7% YoY, to 318,000 tons (2.33 million barrels).
According to a company consolidated report, posted on its website, commercial gas production was 192 million cubic meters, up 4.8 times YoY.
In general, since the launch of the project in Egypt in 2009 a total of 1.046 million tons of oil (7.686 million barrels) and 243 million cubic meters of gas was extracted, 49 wells were drilled, of which 37 were productive.
As of January 1, 2015 Ryder Scott had conducted an independent evaluation of hydrocarbon reserves/resources of the Naftogaz branch in Egypt, according to which total recoverable reserves (proven and probable) amounted to 1.132 million tons of oil (8.2 million barrels) and 599.6 million cubic meters of gas.
As reported, Naftogaz through its subsidiary Zakordonnaftogaz explores and operates two oil and gas blocks in the Eastern Desert of Egypt – South Wadi El Mahareeth and Wadi El Mahareeth. The work on these deposits, the projected resources of which exceed 360 million tons of oil, is carried out on the basis of concession agreements signed on February 7, 2012 between Zakordonnaftogaz on behalf of Naftogaz and the government of the Arab Republic of Egypt and GANOPE state oil company (Ganoub El -Wadi Holding Petroleum Company). (Interfax/Business World Magazine)
