Petrobel Petroleum has achieved a 30% increase over target in gas production in the current fiscal year. A source at the company told Daily News Egypt that the production increased to 1.6 billion cubic feet of gas per day. He pointed out that the company accounts for 31.4% of the total local gas production. The source added that the company achieved target in the plan for crude oil production, where it reached 75,000 barrels per day. This is in order to compensate for the rate of the natural decline of productivity of wells and to maintain the production plan.

Source: Daily News Egypt August 20, 2017 17:03 UTC