German energy company discovers new natural gas field in Egypt

STORY: German energy company discovers new natural gas field in Egypt DATELINE: June 2, 2023 LENGTH: 00:00:59 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of gas field STORYLINE: German energy company Wintershall Dea announced on Thursday that it has discovered a new natural gas field in the Abu Madi reservoir in Egypt's Nile Delta. The discovery was made in the Disouq concession, where Wintershall Dea is a joint venture partnered with the Egyptian Natural Gas Holding Company (EGAS). The new field is located near the existing Disouq gas field, which has been in production since 2017. The NSG-3 well, which was drilled to a depth of 3,070 meters, encountered a 22-meter reservoir in the Abu Madi formation. Wintershall Dea says that the new discovery will help to accelerate production and increase economic returns at the Disouq gas field. Sameh Sabry, general manager of Wintershall Dea Egypt, said that the additional gas volumes will contribute to the company's efforts to ensure a s