BP reports second major gas find in deepwater permit offshore Egypt

BP Egypt has discovered gas in the deepwater Atoll structure in the North Damietta Offshore concession in the East Nile Delta.

Mar 12th, 2015

Offshore staff

LONDON – BP Egypt has discovered gas in the deepwater Atoll structure in the North Damietta Offshore concession in the East Nile Delta.

To date the Atoll-1 well, drilled by the sixth-generation semisubmersibleMaersk Discoverer, has reached a depth of 6,400 m (20,997 ft), penetrating around 50 m (164 ft) of gas pay in good-quality Oligocene sandstones.

Drilling will continue another 1 km (0.6 mi) in order to test the same reservoir section that proved to be gas bearing in the company’s 2013Salamat discovery, 15 km (9.3 mi) to the south. Atoll-1 will therefore likely be Egypt’s deepest well do date, BP added.

Bob Dudley, group CEO, said the estimated potential in the concession now exceeds 5 tcf, a positive starting point for what could be the company’s major development in Egypt after theWest Nile Delta project.

Atoll-1 is being drilled in 923 m (3,028 ft) of water, around 80 km (49.7 mi) north of Damietta city, and 45 km (28 mi) northwest of the Temsah offshore facilities. BP has a 100% interest in the discovery.

03/12/2015

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