Offshore Egypt deepwater fields maintain normal service

Domestic Egyptian off-take from gas produced from the West Delta Deep Marine (WDDM) concession in the Mediterranean Sea averaged 900 MMcf/d (25 MMcm/d) during 2Q 2013.

Offshore staff

READING, UK – Domestic Egyptian off-take from gas produced from the West Delta Deep Marine (WDDM) concession in the Mediterranean Sea averaged 900 MMcf/d (25 MMcm/d) during 2Q 2013.

Operator BG Group says this is close to the sustainable maximum, and up from the 700 MMcf/d (20 MMcm/d) average the prior quarter.

The associated Egyptian onshore LNG plant continues to operate, but at lower than planned levels. Prior to the recent military intervention, the Egyptian authorities had provided written notice that domestic volumes would continue at the current level until end-September 2013.

Operations at the offshore Rosetta andWDDM production facilities have not been impacted by the civil unrest, BG adds, and drilling has gone ahead on the Notus exploration well.

The company plans to continue its WDDM Phase 9a development program, but will monitor Egypt’s political situation.

Offshore Brazil, the company is a partner to Petrobras in various fields in thepresalt Santos basin. Work continues on FPSOs 4 and 5 planned, respectively, for the Sapinhoá and Iracema fields. FPSO 5 is in Brazil for topsides integration at the BrasFELS shipyard.

Both vessels are on budget and around 70% and 65% complete, respectively, ahead of planned start-up next year.

The Iara-6 appraisal well, currently drilling, will test the merits of high-angle drilling through the reservoir.

8/1/2013

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