Company says project will increase output from Abu Sennan concession
- Plant is located in Egypts Western Desert
- Kuwait Energy holds a 50 per cent revenue interest
- Project was completed in record time and with minimal costs to both parties
Salmiya-headquartered Kuwait Energy Company, a subsidiary of the Zahra Group, has commissioned its Abu Sennan gas plant, located in Egypts Western Desert.
The associated gas is now captured and processed for domestic utilisation, while simultaneously removing a bottleneck in oil production, resulting in an increase in total field throughput, the company said in a statement.
Kuwait Energy holds a 50 per cent revenue interest and is the operator in the Abu Sennan development lease.
US-based Dover Investments holds 28 per cent and Australias Beach Energy holds 22 per cent.
State-owned Egyptian General Petroleum Corporation (EGPC) is Kuwait Energys main partner on the project.
EGPC and Kuwait Energy worked together to deliver the project in a record time and with minimal costs to both parties, said Sara Akbar, CEO of Kuwait Energy.
You might also like...
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
Algeria signs oil deal with Swedish company
19 April 2024
Masdar and Etihad plan pumped hydro project
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.