Petrobel Streamlines Two New Wells in the Mediterranean

Belayim Petroleum Company (Petrobel) announced streamlining two new natural gas wells in the Mediterranean region with an average production of 390 million cubic feet per day (mmcf/d)  and 1,300 barrels of condensate per day (bbl/d), according to a press release.

The first well Zohr-17 has been put on production and is gradually increasing its production rates to reach a maximum capacity of about 250 mmcf/d. The well’s drilling and production come within the framework of the development plan of Zohr field, which is located in the deep waters of the Mediterranean Sea. This brings the total number of wells drilled in Zohr until now to 15 wells; 10 wells in the northern region and five wells in the southern region.

Petrobel has also succeeded in streamlining Southwest Baltim-7 well in the Nile Delta with a maximum production capacity of 140 mmcf/d and 1,300 bbl/d of condensate. The company has been on track since the project’s initiation in September 2019. In seven months, the company has managed to reach its target of 500 mmcf/d by drilling only four wells instead of the initial six wells, while adhering to reducing costs and rationalizing expenditures.