More wells in prospect on deepwater permit offshore Egypt

BG Group (BRGYY.PK:OCQX) has sanctioned a next phase of development for the West Delta Deep Marine (WDDM) concession in the Egyptian sector of the Mediterranean Sea.

Offshore staff

READING, UK -- BG Group (BRGYY.PK:OCQX) has sanctioned a next phase of development for the West Delta Deep Marine (WDDM) concession in the Egyptian sector of the Mediterranean Sea.

Pending approval from partner Petronas, this will come onstream in 2014, said BGCEO Chris Finlayson

Since 1994, BG Group has discovered 14 gas fields in the concession. Produced gas heads to Egypt’s domestic market, Egyptian LNG at Idku, and the Damietta LNG plant

In 2010 BG started work on thePhase 7 facilities, comprising a new 68-km (42 mi), 36-in. offshore pipeline and associated onshore gas reception facilities, a slug-catcher adjacent to the two existing WDDM pipelines, and five new compressors. Flow through the new pipeline started in 2011, with the compression plant becoming operational in January 2012.

Last June, gas production from thePhase 8b deepwater development project came onstream. This is an extension of the existing deepwater subsea infrastructure and involved tying in eight subsea wells. Once completed, WDDM is due to have 51 subsea wells in service.

According to BG, Phase 9 is next in line, taking in additional infill wells, new development wells, and further workovers.

2/5/2013

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