Edison In Egypt: Spending To Sustain

Italy’s Edison, a subsidiary of Electricité de France, is set to provide a key element of Egypt’s plans to boost gas output this year.

The company has been investing in a new, third, platform at its shallow water Abu Qir field near Alexandria (see map, p2). Edison’s EVP for E&P Maurizio Coratella tells MEES that the platform has been installed and the firm expects “first output in April with two more wells coming online in the summer which should raise overall capacity by 80-90mn cfd.”

This should bring output back up to the 250mn cfd level it hit in 2012; output has since slumped, falling to 170mn cfd for 2016. Egypt and Algeria (CONTINUED - 444 WORDS)

DATA INSIDE THIS ARTICLE

chart Edison 2016 Upstream Spending €Mn…
chart ...Egypt Accounts For 37% Of Total And Algeria 27%