Following the roles of the Egyptian Natural Gas Holding Company (EGAS) to reduce the production of gas fields to make a balance in the national network’s pressure, MOG’s current gas production is 80 million cubic feet per day (MMSCF/D). Despite the critical time of COVID-19 pandemic, MOG continues working in the Phase-3 project making good progress in the execution phase of the engineering part; • The pre-FEED contract was already awarded following a call for tender with a total estimated cost of 100 Million Dollars. • Preparing the EPIC package to be ready for tender • Starting the procurement of the long lead items LLI for projects and drilling The G&G studies encouraged the company to consider drilling an exploratory deep target well in 2020/2021 with an estimated cost of 95 Million USD.
MOG Energy Announces Significant Gas Discoveries in Offshore North Sinai Concession
MOG Energy is thrilled to announce two significant gas discoveries made through the successful drilling of two wells, Aton-1 & KSE-2, in the offshore North