Edison begins production from new platform in Abu Qir concession, output up 20% - ENTERPRISE / EDISON

Sunday, 9 April 2017

Edison announced beginning production from the new platform North Abu Qir PIII (NA/Q-PIII) at the Abu Qir concession. 

The first production well, NAQPIII#1, came onstream last week and increased the overall natural gas output by circa 20%. 

Two additional wells are expected to be completed by July 2017, Edison says.

Egypt: Edison to begin the drilling of three wells in its concessions by January 2017 - ECOFIN AGENCY

Wednesday, 05 October 2016 - 16:16Anita Fatunji

(Ecofin Agency) - Italian Edison is to start the drilling of three new wells in its gas concession in Egypt in January 2017, the company’s Commercial Manager, Tarek Shalaby, revealed.

The three wells will be drilled in the South Edco, Abu Qir, and North West El Gendy concessions and the company plans to start the development of the North Abu Qir-3 by December 2016 to produce 80 Mmcf/d of gas and 3,500bpd of condensates, with investments worth $220m.

Edison and Al Qalaa Holdings are currently in talks with the Egyptian Ministry of Petroleum for the provision of gas for a proposed power plant through the Abu Qir field. They are also in negotiations with the Egyptian General Petroleum Corporation (EGPC) regarding agreements to provide the needed lands for the project.

Edison and EGPC ink deal to develop second phase of Abu Qir gas field - ENERGY EGYPT / MUBASHER

April 25, 2016

Egypt’s General Petroleum Corporation signed an agreement with Electricité de France (EDF Group), owner of Italy’s Edison Company, to develop the second phase of Abu Qir Gas Project.

The signing of the $220 million worth agreement was attended by Tarek al Molla, Minister of Petroleum and Mineral Resources in Cairo on Saturday.

The deal involves a daily production rate estimated at 150 million cubic feet of gas and 6,000 barrels of crude oil and condensate, according to al Molla.

Abu Qir was the first gas field developed in the Egyptian Mediterranean.

Since 1979, it has served the domestic market’s growing demand for gas.

Edison looks to sell part of Egypt’s Abu Qir field | Energy Egypt - Reuters

Edison Abu Qir (Source: Edison Website)

JANUARY 15, 2016 / ENERGY EGYPT

Edison, Italy’s No. 2 energy company owned by France’s EDF, is trying to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers including Kuwait’s KUFPEC, people familiar with the matter said.

Edison, which paid around $1.4 billion for the field in 2009, owns all exploration and production rights at Abu Qir but manages it in a joint venture with Egypt’s EGPC.

“The data room is open and KUFPEC is one of at least four companies that have had a look,” one source said.

A second source also reported the Kuwaiti company’s interest along with others but said the fall in oil prices was slowing the process.