Petroceltic’s core area of operations in Egypt is in the onshore Nile Delta where it holds a 100% operated interest in 8 producing fields in 14 development concessions in the El Mansoura, South East El Mansoura and Qantara concession areas. The field development operations are managed through a Joint Operating Company called Mansoura Petroleum Company jointly owned by Petroceltic and the Egyptian Government. In addition, Petroceltic has a 37.5% interest in the El Qa’a Plain exploration concession operated by Dana Petroleum.
Production and Reserves
Since takeover by Worldview in June 2016, the production in Egypt has been enhanced and continues to show growth. Petroceltic expects to continue to increase production in Egypt, aiming to double production and regain 2014 average production levels.