The project will bring as much as 300 MMscfd of gas (gross) to the Egyptian market beginning in first-half 2018. Atoll field is estimated to hold 1.5 tcf of gas and 31 million bbl of condensates.
Atoll Phase 1 is an early production scheme (EPS) involving the recompletion of the existing exploration well as a producing well, the drilling of two additional wells, and the installation of the necessary tie-ins and facilities required to produce from the field.
The Atoll wells will be drilled by Ensco PLC’s DS-6 ultradeepwater drillship, which arrived in Egypt last month and is expected to start drilling in August for roughly 24 months. BP says success with Atoll Phase 1 EPS could lead to further investment in the Atoll Phase 2 full field development.
The firm recently completed multiple transportation and processing agreements accelerating development of Atoll. Onshore processing will be handled by the existing West Harbour gas processing facilities.