Dragon Oil has kicked off crude production from the Al Wasl field offshore Egypt. This is the firm’s first oil discovery in Egypt and is the largest in the Gulf of Suez in the last 20 years.
The first well, Belayim 293-5A, has been connected, and the initial production rate from the offshore platform is reported to be 3,000 barrels per day (bpd). A second well south of Belayim 293-5A is slated to be put up by mid-January this year. This will increase production to 6,000 bpd.
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Scope of work
The Al Wasl field development includes construction of a new offshore production platform, epansion of the production line and the development of an electricity line to power pumps and development of a water injection project.
Dragon Oil aims to drill an additional seven wells at the Al Wasl field by 2026. The company is committed to expanding the scope of petroleum discoveries in Egypt over the long term. An agreement with the Egyptian Government is in place to increase the field’s output to 15,000 bpd.
Dragon Oil has invested US $200M in the Al Wasl project to support its expansion and increase production. The company expresses its commitment to supporting the Egyptian economy and outlines plans for growth and expansion in the Egyptian market. Dragon Oil is working in collaboration with the Egyptian Government to enhance oil production in the Gulf of Suez.