Wednesday, October 26, 2016

Egypt: Eni to add 80Mmcfpd of gas from the Nooros field by the end of November - ECOFIN AGENCY

Wednesday, 26 October 2016 - 12:59Anita Fatunji

(Ecofin Agency) - In Egypt, Eni plans to add 80Mmcfpd of gas from its Nooros concession to the national grid by the end of November 2016.

According to a source with the Egyptian Natural Gas Holding Company (EGAS), the total gas production from Nooros is set to increase from 850Mmcfpd to 930Mmcfpd by the end of November. This is to occur after the drilling of a number of development wells and adding them to the project’s production, Egypt Oil &Gas reports.

Connecting these wells to the national gas grid will help fill the natural decrease gap in local gas production, which is estimated at 600Mmcf each year with an average of around 50Mmcf per month.
The Nooros field is located in the Abu Madi West concession in the Nile Delta, about 120km northeast of Alexandria. The field was discovered in July 2015, and put into production two months later in September. The development and production of the Nooros field are operated by Petrobel on behalf of Nidoco Co., a joint venture between IEOC, BP and the state company Egyptian General Petroleum Corp. (EGPC).

Eni is the operator through its subsidiary IEOC Production BV, which holds a 75% stake in the concession, while BP holds the remaining 25%.

SOURCE