BP, Egypt ink offshore concession amendments

Offshore staff

CAIRO, EgyptBP 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 the Nooros 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 nearshore Baltim 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 the Baltim 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 by Petrobel, a joint venture between IEOC and Egyptian General Petroleum Corp. 

09/29/2016

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