BG to retain rights to Rosetta offshore Egypt

BG Group has issued an update on its first-quarter offshore activities.

May 11th, 2015

Offshore staff

READING, UKBG Group has issued an update on its first-quarter offshore activities.

In March, the company signed a tie-in agreement with BP Egypt and RWE DEA to use theWest Delta Deep Marine offshore infrastructure in the Egyptian sector of the Mediterranean Sea.

The facilities will be used to process gas from the West Nile Delta project fields, expected to start producing in mid-2017. BG also signed a separate agreement with the same companies under which the right of use of the Rosetta onshore facilities will effectively be transferred to them from mid-2016 to process their gas from 2018.

However, BG Group will continue to hold rights to the Rosetta concession and may process future gas through the WDDM facilities.

Offshore Brazil, the 150,000-b/dCidade de Itaguai (FPSO 6) for the Petrobras-operated Iracema North development is at the BrasFELS shipyard undergoing integration works. Start-up is scheduled for 4Q 2015.

FPSO7 is in transit from China to Brazil for final integration works, FPSO 8 is in China for the integration phase and FPSO 9 is in Singapore undergoing integration works. All three are due onstream in 2016.

The first replicant FPSO,P-66, continues to undergo integration works at BrasFELS. Re-contracting of the compression topsides for all the replicant FPSOs continues following the termination of the contract with IESA.

In the UK central North Sea BG’s Armada and Everest fields were offline during 1Q 2015 following repairs to a valve on the CATS Riser Tower which had shut in the main gas export route.

Production from theLomond and Erskine fields was also shut in during the quarter because of an extensive asset integrity program on the Lomond platform.

Armada and Everest are now back onstream and Lomond and Erskine should follow in the coming weeks.

05/11/2015

More in Production