BP, Egypt ink offshore concession amendments
BP has signed amendments with Egypt’s Petroleum Ministry for the Temsah, Ras El Barr, and Nile Delta Offshore concessions.
CAIRO, Egypt – BP has signed amendments with Egypt’s Petroleum Ministry for the Temsah, Ras El Barr, and Nile Delta Offshore concessions.
Hesham Mekawi, regional president, BP North Africa said: “The conclusion of these amendments was a critical milestone that allowed the discovery and fasttrack development of theNooros field in the Nile Delta offshore concession which this month achieved record production of 700 MMcf/d and is targeted to reach 880 MMcf/d by early 2017.
“BP will also drill additional wells in Ras El Barr and Temsah areas that are expected to bring significant gas to the Egyptian domestic market.”
The company has a 50% interest in Temsah and Ras El Barr, and a 25% interest in the Nile Delta Offshore concession. Eni holds the interest via its subsidiary IEOC.
In June, BP reported another substantial gas discovery in the nearshoreBaltim South development lease: this was then appraised by the Baltim SW-2 well which penetrated an 86-m (282-ft) net gas column within two sand layers of Messinian age rock with good-quality reservoirs. That new well has lifted in-place reserves in the area to 3 tcf.
Mekawi said: “Our plan is to utilize existing infrastructure which will accelerate the development of theBaltim South West discovery, and expedite early production start-up.”
BP holds a 50% stake in the Baltim South development lease, while Eni (via IEOC) has 50%. The appraisal well was drilled byPetrobel, a joint venture between IEOC and Egyptian General Petroleum Corp.
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