Syrian Oil and Gaz News

GPC drilling developmental 39,000 meters length and exploratory 3000 meters length and spend 74.2 billion SP. from the current budget until the end of October of this year

Board of Directors of General Petroleum Corporation Discussed during its 9th meeting in 2010 tracking the implementation of the plan production and investment of the Foundation and its affiliates for the month of October of 2010, in addition to the most important issues related to the institution and its affiliates.

 

 

GPC has achieved its overall oil production of crude oil during the month of October of 2010, a rate of 105% and a significant increase from the same period last year, where the share of the national companies of total production 53% and 47% operating companies.
It also made its plan in the delivery of light and heavy crude oil to the HRC by 160% and to the Banias refinery by 94% and 100% Source.
GPC has achieved its production of free gas and utilities rose by 115% as the share of the Syrian Oil Company 70% and 30% operating companies.

 

In the area of drilling, It digging about 39 000 (thirty nine thousand) meters along the evolutionary and 3000 (three thousand) meters along the exploratory, The number of drilled wells was 26 development well, and three exploration wells and there are 23 development well, and four exploration wells under drilling .
The total expenditure of GPC on investment budget until the end of October, was about 9.9 billion SP. by 60%, while the current budget to 74.2 billion pounds, the implementation rate of 62%.

the meeting as well as discussed other issued were presented to the Board of Directors.

 

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