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Title : Bakken, An Oily Play, Is Producing More Natural Gas Then The Mediterranean's Largest Offshore Natural Gas Field -- December 16, 2017
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Bakken, An Oily Play, Is Producing More Natural Gas Then The Mediterranean's Largest Offshore Natural Gas Field -- December 16, 2017

Egypt's giant natural gas field has started production, according to Bloomberg (pay wall) but Reuters also has the story:

• the Zohr field may turn Egypt from LNG importer to gas exporter
• Egypt’s Eni SpA-operated Zohr natural gas field will bring the country closer to its goal of energy self-sufficiency
• discovered in 2015 by Italy’s Eni, the field contains an estimated 30 trillion cubic feet of gas

Gas from the Mediterranean’s largest offshore field is pumped to a facility in Port Said city, to be prepared for delivery to the national distribution network, with initial production of 350 million cubic feet per day. Daily output is set to rise to about 1 billion cubic feet in June and 2.7 billion by the end of 2019, he said.

So just how big is that "giant" field that has captured Bloomberg's attention? For natural gas, about the same size as the Bakken?

First the data points again, from that huge Egyptian gas field:

• 350 million cubic feet per day initial production
• 1 billion cubic feet per day by June (2018?)
• 2.7 billion cubic feet by the end of 2019

Natural gas production from the "oily" Bakken, North Dakota, October, 2017 (most recent month being reported)

• 63,918,772,000 cubic feet for the month of October
• divided by 31 days = 2,061,895,879 bbls/day OR 2.061 billion cubic feet 

It would be nice for Bloomberg to provide some comparison with the Bakken or the Permian. Thank you very much. 

See also this post for reserves of natural gas around the world.

http://ift.tt/2dZyQXu

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