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NPC Announces More Oil Output at Shukheir Bay

DUBAI — Production on the Shukheir Bay-5 ST, in the Shukheir Bay Field of the Shuhkeir Marine Gulf of Suez concession, has been increased from 60 to 1600 barrels of oil per day from the Lower Rudeis sandstone.

This raises total production at NPC to 1,908 barrels of oil per day.

The National Petroleum Company, or NPC, Citadel Capital’s upstream oil and gas business, has undertaken operations on its Shukheir Bay-5 ST well, which was drilled in June 2006. NPC has lease rights on the 40-square-kilometre development lease, which is located approximately 125 kilometers north of Hurghada on the western coast of the Red Sea.

The concession operator, Offshore Shukheir Petroleum Co. Ltd., a joint venture company of NPC’s Petzed Investment and Project Management Ltd. and the Egyptian General Petroleum Corporation, performed a non-rig well intervention on November 9, 2009, adding 7 meters of new perforations in the Lower Rudeis sandstone.

The well had been previously producing at a stabilised rate of 60 BOPD on artificial lift from one set of perforations in the Upper Rudeis sandstone. Cumulative production to date from the Upper Rudeis was 0.288 million barrels of oil. Shukheir Bay-5 ST now has a total of 17 meters of perforations naturally producing 1600 BOPD and 3.6 million standard cubic feet per day of gas on a 40/64” production choke.