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Egypt partners with Kuwait Energy for Seba field

CAIRO, October 27, 2016

Egyptian General Petroleum Corporation (EGPC) has signed a partnership deal with Kuwait Energy for the Seba gas field located in southeast Basra, Iraq, a report said.

The Seba project, in which EGPC will own 15 per cent of the field, is the second partnership agreement between EGPC and Kuwait Energy, after the Fayhaa petroleum field in Basra, where EGPC owns 10 per cent of the field, added the Daily News Egypt report.

the field will begin production in 2017 with initial rates of 70 million cu ft of gas per day and this is expected to increase to a range of 100-150 million cubic feet of gas per day, Minister of Petroleum Tarek El-Molla was quoted as saying in the report.

The project’s general contractor is Petrojet, which will carry out the engineering and executive works worth $200 million.

“The project paves the way for more expansions by EGPC in Iraq, allowing it to utilise the distinctive opportunities present in the country, while benefiting from the experience of Egyptian companies like Petrojet in the implementation of gas production projects in Iraq,” said Sara Akbar, CEO of Kuwait Energy.

Tags: Kuwait Energy | EGPC |

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