Showing posts with label Pharaonic Petroleum Co. (PhPC). Show all posts
Showing posts with label Pharaonic Petroleum Co. (PhPC). Show all posts

Monday, October 26, 2020

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.

Thursday, May 31, 2018

Pharaonic Petroleum's total gas production hit 600 mcf/d - EGYPT TODAY /MENA

Thu, May. 31, 2018

CAIRO - 31 May 2018: The Pharaonic Petroleum Company (PhPC) on Thursday revealed that its total natural gas production hit 600 million cubic feet (mcf/d) per day, in addition to 11,000 barrels of condensate per day.

The announcement came during an inspection tour paid by Petroleum Minister Tarek el Molla to Port Said governorate to follow up on the progress of work at oil and gas production sites there.

During his tour, the minister said that underway projects to extract natural gas and its derivatives in Port Said represent a successful model on how to make good use of Egypt's natural gas resources.

The upcoming phase is expected to witness a boom in the activities of oil and gas exploration in some concession areas, especially after launching two global bids on this regard, el Molla added.

Wednesday, December 20, 2017

Egypt’s super-giant Zohr gas field begins production, completing BP’s major project start-ups for 2017 - BP

20 December 2017

BP today confirmed that production has started from the super-giant Zohr gas field, offshore Egypt. The field is operated by Eni, through its joint venture with The Egyptian General Petroleum Corporation (EGPC), and is the largest natural gas discovery yet to be made in the Mediterranean Sea.

Delivery of first gas from Zohr completes BP’s programme of seven Upstream major project start-ups in 2017. Zohr follows the earlier start-ups of the Khazzan project in Oman, Persephone in Australia, Juniper and the Onshore Compression project in Trinidad, Quad 204 in the UK, and the first phase of the West Nile Delta project, also in Egypt.

Bob Dudley, BP group chief executive, said: “We are proud to have worked with Eni, Rosneft and the Egyptian government to deliver a project that is strategically important for Egypt and will help meet the country’s growing energy demand.

Thursday, November 9, 2017

BP’s Atoll field is 93% complete, production on track by year’s end - ENERGY EGYPT

November 9, 2017

BP will launch production at the USD 3.8 bilion Atoll field in the North Damietta concession ahead of schedule by the end of the year, said Hassan Abady, Chairman BP JV Pharaonic Oil Company, Al Ahram reports. Development of the field is 93% complete, including the drilling of three deepwater wells 950 meters below the water’s surface. The field is expected to produce 300 mcf/d and 8k bbl/d once online.

BP’s Atoll field is 93% complete

Development works of British Petroleum’s (BP) Atoll Phase One project is 93 percent complete, head of BP’s joint venture Pharaonic Petroleum Company, Hassan Abady said Wednesday.

Tuesday, August 15, 2017

Production at BP’s Atoll gas field targeted for end of 2017 - ENTERPRISE



Tuesday, 15 August 2017

BP will launch production at the USD 3.8 bn Atoll field by the end of this year, the Oil Ministry said in a statement. 


70% of the field has been developed so far with three wells having been completed, said Hassan Abbady, chairman of the BP JV Pharaonic Oil Company.

Monday, June 5, 2017

Aquatic's dual tensioner a key part of the installation for the Pharaonic/PHPC Atoll project - AQUATIC SUBSEA

5 June 2017

Aquatic has been selected to provide tensioning capabilities to DeepOcean BV on behalf of Subsea 7 for the Pharaonic /PHPC Atoll Main umbilical installation project in Egypt. Aquatic will provide its Dual Tensioner System solution to tension the umbilical during installation.

Martin Charles, managing director, Aquatic, says “We are proud to be associated with this important project. Since its design and implementation, this dual tensioner configuration has operated successfully on numerous projects globally. Our team will work closely with our clients to customize our equipment on deck and adapt the dual tensioner solution to the project’s requirements.”

The 112km umbilical will be installed at a water depth of 923m, extending to a beach tie-in at the West Harbour Terminal, near Port Said, Egypt. Mobilization is scheduled for August 2017 from Blyth Northumberland, with an anticipated project duration of 70 days.

Monday, January 9, 2017

Pharaonic Petroleum plans to invest $500 million in FY 2017-18 - ENERGY EGYPT / MUBASHER

January 9, 2017

Pharaonic Petroleum said its board of directors approved the estimated budget for the fiscal year 2017 – 2018.

The company stated that it plans to pump $500 million in investments if FY17/18.

Pharaonic Petroleum operates Egypt’s offshore Atoll field, which is joint venture company between Egypt state-owned Egyptian General Petroleum Corporation and BP Egypt.

BP announced the Atoll discovery in March 2015, which was estimated to 1.5 trillion cubic feet (tcf) of gas and 31 million barrels (mmbbl) of condensates.

Friday, December 16, 2016

Egypt: Local oil companies increase gas production from the Ras El Bar and the North Sinai fields - ECOFIN AGENCY

Friday, 16 December 2016 - 09:33Anita Fatunji

Toward the drive to achieve self-sufficiency by 2020, Egyptian oil companies have increased gas production from their respective assets. Companies such as Pharaonic Petroleum Company (BP/EGPC) and North of Sinai Petroleum Company (NOSPCO) have succeeded in producing 110 Mmcf/d and 70 Mmcf/d of natural gas respectively.

Pharaonic has completed the Phase 3 of its development operations for the Ras El Bar field located in Ras El Bar Concession in Nile Delta with an investment of $265 million. As a result, the company succeeded in producing 110 Mmcf/d of natural gas, which is later expected to increase to 500 Mmcf/d.

Thursday, November 24, 2016

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.

Thursday, October 20, 2016

Subsea 7 awarded contract offshore Egypt Luxembourg - SUBSEA 7

20 October 2016

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of over 900 metres in the Atoll field. Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million. 

The contract scope includes the engineering, procurement, construction and installation of more than 40 kilometres of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100 metres. A 105 kilometre umbilical will also be installed linking the Atoll field to shore.

Wednesday, May 11, 2016

As linking projects stall, energy companies see production rates fall - ENERGY EGYPT / DAILY NEWS EGYPT

May 11, 2016

Egypt’s average production of natural gas declined to 3.8bn cubic feet per day in 2016 from the rate of 4.4bn cubic feet per day in 2015.

A report published by the Ministry of Petroleum disclosed Egyptian gas fields’ average productivity in 2016, which has significantly decreased due to delays in plans to link gas fields to production sites managed by international companies.

The report pointed out that the Khalda Petroleum Company—a joint venture company between Egyptian General Petroleum Corporation (EGPC) and Apache Corporation—produced an average 850m cubic feet of gas per day, compared to 851 in 2015. The Italian energy company Eni, operating in Egypt through its subsidiary Petrobel, produced an average of 800m cubic feet of gas per day, down from 978m last year.

Tuesday, April 5, 2016

EGPC, EGAS, BP Sign Agreements over Atoll Gas Production - EGYPT OIL & GAS

Tuesday, 5th April 2016

The Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and British company BP signed agreements to facilitate gas production from the Atoll field, Tarek El Molla, Minister of Petroleum and Mineral Resources, said, according to a press release received by Egypt Oil & Gas.

These agreements conclude the construction, transportation, and processing of gas produced from the well which belongs to the Pharaonic Petroleum Company.

El Molla also reviewed the development plan and the early production programs of the Atoll well in the North Damietta Offshore Concession in the East Nile Delta, which was discovered in March 2015 and is considered one of the important recent gas discoveries.

Thursday, November 5, 2015

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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Source: http://www.naturalgaseurope.com/bp-egypt-atoll-gas-discovery-development-26184