BP fires up gas field offshore Egypt - OFFSHORE ENERGY

October 26, 2020

Nermina Kulovic

Through BP’s joint venture, Pharaonic Petroleum Company (PhPC), the Qattameya field has been developed ‎through a one-well subsea development and tie-back to existing infrastructure.‎

Announcing the production start-up, BP said on Monday that the field is ‎expected to produce up to 50 million cubic feet of gas per day.

The Qattameya discovery was announced in March 2017. It is located approximately 45 km west ‎of the Ha’py platform.

It is tied back to the Ha’py and Tuart field ‎development via a new 50km pipeline and is also connected to their existing subsea ‎utilities via a 50 kilometre umbilical.

Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt - ENI

Abu Dhabi (UAE), 12 November 2018

Eni further strengthens its ties with Mubadala Petroleum, building on the successful partnership in the Shorouk concession. The Chief Executive Officer of Petroleum & Petrochemicals, Mubadala Investment Company, and Chairman of Mubadala Petroleum, Musabbeh Al Kaabi, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt, to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company.

BP begins production from Egypt’s Atoll gas field seven months ahead of schedule - BP

12 February 2018

BP today announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate.

The project is now producing 350 million cubic feet of gas a day (mmscfd) and 10,000 barrels a day (bpd) of condensate. Gas production from the field is directed to Egypt’s national grid.

Atoll is the first new project to come into production for BP in 2018, adding to the series of higher-margin projects successfully brought online over the past few years. The 13 projects that started-up through 2016 and 2017 provided more than 500,000 barrels of oil equivalent a day (boed) of new net production capacity and total net production from BP’s new projects is now expected to be 900,000 boed by 2021.

BP makes third gas discovery in Egypt's North Damietta Concession - REUTERS

Sun Mar 26, 2017 | 2:55pm BST

Ahmed Aboulenein; editing by Susan Thomas

BP (BP.L) has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, it said on Sunday.

The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of around 108 metres, the company said.

"This latest discovery confirms our belief that the Nile Delta is a world-class basin," BP Chief Executive Bob Dudley said in a statement.

The well is 60 kilometres (37 miles) north of Damietta city in northern Egypt. BP has 100 percent equity in the discovery.

BP produces around 40 percent of Egypt's total gas.

Interview with Egypt’s minister of petroleum & mineral resources, Tarek El-Molla - BP MAGAZINE

24 March 2017

Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production. The country’s minister of petroleum and mineral resources Tarek El-Molla talks to BP Magazine about a new era of investment, how Egypt is well-placed to become a regional energy hub on the eastern Mediterranean, and the significant role that BP is playing in the country’s energy future


What have been Egypt’s energy challenges over the last five years?

Our challenges over recent years really began with the revolution of 2011 and consecutive events that led to political instability, security issues and a general slowdown in the Egyptian economy; which was echoed in the oil and gas industry. 

BP buys stake in Eni's giant Zohr gas field offshore Egypt - REUTERS

Fri Nov 25, 2016 | 1:07pm EST

By Agnieszka Flak and Karolin Schaps | MILAN/LONDON(Editing by David Evans)

BP (BP.L) has agreed to buy 10 percent of Eni's (ENI.MI) Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market.

The deal gives Eni much-needed cash as part of its 5 billion euro divestment plan to continue investing and paying dividends despite weak oil prices.

The companies also agreed BP could purchase another 5 percent of the field before the end of next year, when the Zohr field is slated to start production, under the same terms and that BP would reimburse Eni around $150 million in past expenditure.

Subsea 7 wins Egyptian offshore contract - OFFSHORE SUPPORT JOURNAL

Thu 24 Nov 2016

Subsea 7 has won a substantial contract to install subsea systems and pipelines on the Atoll project offshore Egypt

Some of the predicted contract awards for offshore construction and support vessels in the Eastern Mediterranean are starting to materialise. There has been great expectation recently that large gas discoveries in the region will result in new contracts for subsea construction companies and supporting vessels. In November, one of the first of the expected contracts was awarded.

Subsea 7 gained a substantial order for offshore construction work in Egypt. It gained the contract from Pharaonic Petroleum Co, an affiliate of BP, for subsea engineering, procurement, construction and installation work on the Atoll project. Subsea 7 will be responsible for installing more than 40km of rigid pipelines and associated structures for the new Atoll field. The water depths for the installation work range from 100m to 900m. Subsea 7 will also be tying these pipelines into the existing Taurt field facilities, which are in water depths of 100m, and installing 105km of umbilicals to connect subsea wells on the Atoll field.

Subsea 7 expands offshore Egypt backlog - OFFSHORE MAGAZINE

NOVEMBER/10/2016

Offshore staff

LUXEMBOURG – Subsea 7 has completed offshore operations on the fasttrack East Nile Delta project in the Egyptian sector of the Mediterranean Sea.

During 3Q, the Seven Borealis was engaged in pipelay for the first phase of the West Nile Delta project.

Last month, Subsea 7 secured an [EPCI] contract for the Atoll project in the same area, lifting the total value of its contract awards offshore Egypt over the past 18 months to almost $1.8 billion.

Egypt: Dana Gas to review investment if not repaid dues, says in talks with potential farm-out partners - ECOFIN AGENCY

Wednesday, 09 November 2016 - 14:30Anita Fatunji

(Ecofin Agency) - Dana Gas has announced plans to review its 2017 investment plans for Egypt if the country does not pay its debt by the end of 2016, its chief executive revealed on Wednesday.

According to Patrick Allman-Ward, the payments issue is overriding several exploration developments in Egypt, for the company.

United Arab Emirates-based energy firm said its North El Arish Concession/Block 6 in the Eastern Nile Delta was an exciting prospect and the company is in talks with seven potential partners about a farm-out agreement.

BP, Eni Announce New Gas Discovery Off Egyptian Coast - HAARETZ / THE MARKER / REUTERS

Eni's Bouri Offshore oil terminal is seen off the Libyan coast, AAP

Newest find confirms potential of area estimated to hold 70-80 billion cubic meters of gas, says Italian energy firm Eni.

TheMarker and Reuters Jun 09, 2016 6:28 PM

The European energy companies BP and Eni on Thursday announced a significant natural gas discovery off the Egyptian coast.

The discovery in the Baltim southwest exploration prospect in the East Nile Delta is 10 kilometers north of the Nooros gas field which was discovered in July last year and has a production rate of 65,000 barrels of oil equivalent per day, the companies said.

BP signs $1 billion deals with Egypt for the development of Atoll gas field - ENERGY EGYPT / THE CAIRO POST

April 6, 2016

British Petroleum (BP) had signed a number of deals with Egypt concerning the development of Atoll gas discovery in March in the North Damietta Offshore Concession in the East Nile Delta, the Egyptian Ministry of Petroleum announced Tuesday.

The investments of this phase are estimated at a $1 billion out of $3 billion allocated for that discovery, the ministry stated, adding that the agreements were signed between the group and the Egyptian Natural Gas Holding Company (EGAS).

It is expected that this field has 1.5 trillion cubic meters of gas and 31 million barrels (mmbbl) of condensates. The production is expected to start in 2018, according to the BP Group official website.

BP Signs Deal With Egypt To Accelerate Atoll Gas Discovery Development | Natural Gas Europe

November 05th, 2015

BP SIGNS DEAL WITH EGYPT TO ACCELERATE ATOLL GAS DISCOVERY DEVELOPMENT

BP announced on Thursday it has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum Tarek El Molla meant to accelerate the development of the Atoll gas discovery, in which the British company holds a 100% interest. 

“We are pleased to be making rapid progress towards the development of Atoll less than eight months after the announcement of its discovery. This is further demonstration of our continued confidence in Egypt – a key growth area for BP – and our commitment to continue to invest to unlock its energy potential” BP Group Chief Executive Bob Dudley commented in a note. 

The Atoll discovery in the North Damietta Offshore Concession in the East Nile Delta, offshore Egypt was announced in March 2015. Full field development of Atoll is expected to consist of two phases. According to BP, the first phase will consist of two development wells tied back to existing infrastructure, with production expected to start up in 2018. 

BP said that the decision, coupled with other initiatives, will help the country meet its energy needs. 

‘Development of Atoll will be executed and operated by Pharaonic Petroleum Co. (PhPC), BP’s joint venture with EGAS and Eni.’

The cooperation between Eni and BP should intensify over the next months.

‘BP … expects to continue to invest in its existing oil operations led by its joint venture Gulf of Suez Petroleum Co. (GUPCO) and gas operations led by the Pharaonic Petroleum Co. (PhPC) joint venture, as well as continuing to progress its exploration program in the Nile Delta.’ 

During a parliamentary hearing in Rome, Eni’s CEO Claudio Descalzi reported about his meeting with Israeli Prime Minister Benjamin Netanyahu.

According to Italian media, he said that the two discussed how “join forces and pull together these resources (in the Eastern Mediterranean), which are not only Egyptian, but also Israeli and Cypriot.”

Earlier this month, Egypt's President Abdel Fattah el-Sisi approved six new oil and gas exploration contracts in the Mediterranean, Nile Delta, Western Desert and the Gulf of Suez. The companies involved - BP, Edison, Eni, Total - are expected to invest at least $2.2bn. 

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