The Baltim South West field offshore Egypt has the potential to hold 1 Tcf of gas in place, according to Eni. Image from Eni. The Italian giant, along with 50:50 partner BP, upgraded…
BP has ordered about 100km of static umbilicals and associated accessories from France's Nexans for the next stage of its West Nile Delta project. The contract will help BP, and partner DEA (Deutsche Erdoel AG), develop the Giza, Fayoum…
Eni’s Nooros field offshore Egypt reached a new record in 13 months of 128,000 boe/d, with plans to drill more wells in the area. Image from Eni. The Italian giant confirmed production at Nooros reached 700 MMcf/d…
Oil major BP is planning to reach first gas from its 1.5 Tcf and 31 MMbbl condensate deep water Atoll field offshore Egypt in 1H 2018. The firm has sanctioned a Phase One development project targeting up to 300 MMcf/d, with backing from the Egyptian Natural Gas Holding Company (EGAS)…
Rystad Energy’s new report claims that there is hope in the oilfield service industry despite the current downturn, with an expected US$30 billion growth to be seen in the next two years. Closed and abandoned service markets as well as…
Global upstream capital spending from 2015 out to 2020 has been reduced by 22% or US$740 billion, however, when cuts to conventional exploration investment are included, the figure increases to just over $1 trillion, Wood Mackenzie said. Image…
Italian giant Eni and 50:50 partner BP have confirmed a “new significant gas discovery” in the Baltim South West exploration prospect, located in the East Nile Delta offshore Egypt, with plans to drill two new wells in the area. Map…
Just 10 months after the discovery at the Nooros field offshore Egypt, Italian giant Eni has increased production at the field to some 65,000 boe/d. Image from Eni. The milestone…
Oil major BP has posted a replacement cost loss of US$485 million in Q1 2016, compared with a profit of $2.1 billion a year ago, as it battles the continuing low oil prices. Yet, the firm is set to see production levels lifted as a string of new projects come onstream through 2016-2017…
Chad Barnes reports that contrary to current industry norms, contracting activity in the Eastern Mediterranean and North Africa region is on the rise. The Eastern Mediterranean gas landscape and a focus on Egypt…
Heather Saucier examines the geology of the Mediterranean and North African region, and assesses where more discoveries could be made. The location of four assessment units in the Nile Delta Basin Province in the Eastern Mediterranean…
OneSubsea was awarded a contract from BP Exploration (Delta) and partner DEA (Deutsche Erdoel AG), to supply subsea production systems for the West Nile Delta Giza/Fayoum and Raven fields, situated offshore Egypt. The scope of supply…
Subsea 7 has won an engineering, procurement, installation and pre-commissioning contract on BP's deepwater West Nile Delta project, offshore Egypt. The contract covers the subsea infrastructure for 12 wells on the Giza, Fayoum and Raven…
Current oil prices does little to support exploration and expanding developments. However, keeping an eye on the future, sub-saharan African nations show promise. Western African countries, such as Nigeria, have already seen the benefits…
BP has reported a 91% drop in Q4 2015 earnings, revealing the impact of the lowest oil prices in more than a decade on the business, and says oil prices look set to 'continue to be challenging in the near term.' The firm's full year underlying profit was a loss of $5…
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