BP and Egypt’s minister of petroleum signed three amendments for concessions offshore Egypt, that will allow for the economic development of its giant Nooros project.
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Image from BP. |
The amendments were signed between the supermajor an Eng. Tarek El Molla, for the Temsah, Ras El Barr and Nile Delta Offshore concessions. These amendments allowed for the economic development of the Nooros development, where the company and partner Eni achieved record production earlier this month.
“BP is proud to progress the acceleration of its drilling activities in the three concession areas. The conclusion of these amendments was a critical milestone that allowed the discovery and fast-track development of the Nooros field in the Nile Delta offshore concession,” Hesham Mekawi, regional president, BP North Africa said.
In mid-September, BP and Eni achieved record production of 700 MMcf/d at Nooros, which is targeted to reach 880 MMcf/d by early 2017.
BP will also drill additional wells in Ras El Barr and Temsah areas that are expected to bring significant gas to the Egyptian domestic market, Mekawi said.
BP holds a 50% interest in Temsah and Ras El Barr, and a 25% interest in the Nile Delta Offshore Concession. The remaining working interest is held by Eni through its subsidiary IEOC.
In June, BP announced another important gas discovery in the Baltim South development lease which was immediately appraised by another well Baltim South West 2X three months later.
Last week, Eni announced the appraisal well had encountered a gas column of 102m overall and 86m net within two sand layers of Messinian age rock holding excellent reservoirs.
“With this new well, the gas potential discovered in the area has reached 3 Tcf of gas in place, of which about 2 Tcf is in the Nooros field, with the remainder in the new Baltim South West discovery,” BP confirmed.
BP and Eni are currently working on the development options for this discovery.
“We are pleased with the results of the Baltim South West 2X well as it confirms the great potential of the Messinian play and its significant upside in the area,” Mekawi said. “Our plan is to utilize existing infrastructure which will accelerate the development of the Baltim South West discovery, and expedite early production start-up.”
BP holds a 50% stake in the Baltim South Development lease, and Eni, through its subsidiary IEOC, holds 50%. The appraisal well was drilled by Petrobel, a joint venture between IEOC and the state partner Egyptian General Petroleum Corp. (EGPC).
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