Zagreb, 26 October 2023 – After the commercial discovery of gas on the East Damanhur block in the Nile Delta at the end of 2022, the gas well was promptly connected to the production infrastructure of the nearby Disouq field and put into production on 26 September 2023. INA’s share of initial production is approximately 200 boe per day.
INA entered the East Damanhur concession in 2021 as a 20% participating interest, with operator Wintershall Dea and partner Cheiron Energy, completing exploration activities this year.
“Egypt is INA’s key foreign market when it comes to oil and gas exploration and production, where we have been present for a long time. That is why we are particularly proud of this project, because it is the first time we are producing gas in Egypt“ said the President of the Management Board Zsuzsanna Ortutay.
INA in Egypt
INA has been involved in exploration and production activities in Egypt since 1989, focusing mainly on the Western Desert and the Nile Delta, where it is conducting activities on a total of four production concessions – North Bahariya, Ras Qattara, West Abu Gharadig and East Damanhur, and on the exploration concession East Bir El Nus also in the Western Desert. In recent years, INA has increased its investments in Egypt, where it is as a respectable partner, with an average production of 1,737 boe per day and EUR 53.8 mn investment since 2020.
About INA Group
INA Group plays a leading role in oil operations in Croatia and a significant role in the region in oil and gas exploration and production, oil refining and distribution of oil and petroleum products. INA Group comprises several subsidiaries fully or partial owned by INA, d.d. The Group’s seat is in Zagreb, Croatia. Apart from Croatia, INA also has upstream operations in Angola and Egypt. Oil refining takes place at the Rijeka Refinery, while sustainable alternative businesses are being developed at the Sisak industrial site. INA’s regional retail network consists of more than 500 retail sites in Croatia and neighbouring countries. INA Group is a member of MOL Group.
PR
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