BP signed final agreements to develop the US$12 billion West Nile Delta (WND) gas fields, with production set at reaching up to 1.2 Bcf/d in Egypt.
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BP worker on a platform in the Gulf of Suez. From BP. |
The West Nile Delta fields will develop 5 Tcf of gas resources and 55 MMbbl of condensates. According to BP, gas will be produced from its two operated offshore concession blocks, North Alexandria and West Mediterranean Deepwater, and be fed into the country’s national gas grid to help meet the anticipated growth in local demand for energy. Production is set to begin in 2017.
BP says it believes that there is the potential through future exploration to add an additional 5-7 Tcf, which could boost WND production with additional investments.
The project will maximize and use existing infrastructure from the Taurus/Libra fields and the Giza/Fayoum and Raven fields, all operated by BP.
Taurus/Libra will be a subsea development tied-in offshore to existing BG Group-operated Burullus facilities.
Giza/Fayoum and Raven are two deepwater long distance tie-backs to the shore, where the existing Rosetta plant will be modified for Giza/Fayoum and integrated with a new adjacent onshore plant for Raven.
“BP expects to double its current gas supply to the Egyptian domestic market during this decade when the WND project reaches its peak production,” says Hesham Mekawi, BP North Africa regional president. “BP will also continue to invest in our existing oil operations at the Gulf of Suez (through GUPCO) and gas operations in the East Nile Delta (through Pharaonic Petroleum Co.), as well as progressing our recently discovered resources to allow for the next new major development after WND.”
BP operates the West Nile Delta project with 60% interest with partner RWE Dea (40%).
Egypt’s government signed six agreements for oil and gas exploration in the Gulf of Suez and the Western Desert in January, with minimum investments of about $5.271 million and a signature bonus of $124 million to drill 41 wells. Agreements were with Shell, Eni and BP, among others and are the first of 20 petroleum agreements that will be signed over the coming period.
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