VOL.XXXVIII

NO.28

10-April-1995

Egypt

WorkStarts On Development Of Offshore Port Fuad Gas Find

Ina ceremony on 2 April, Egyptian Oil Minister Hamdi al-Banbi inaugurated work onthe development of the offshore Port Fuad gas find in the Mediterranean forproduction in March 1996 at a rate of 70mn cu. ft./day of natural gas and 3,500b/d of condensate. The output will come from a production platform with fourwells at the site of the Port Fuad-3 discovery well which was successfullycompleted in 1992....