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BP in third Egyptian gas find

Written by  Monday, 27 March 2017 12:18

BP has scored again with a third gas find at the North Damietta Offshore Concession in the East Nile Delta, Egypt, the supermajor said today (27 March).

According to BP, 37m of net gas pay was found at the Qattameya Shallow-1 exploration well in high quality Pliocene sandstones. Qattameya was drilled to 1961m total depth in 108m of water. BP said that it will study its options, which include a tieback to nearby infrastructure.

Qattameya is BP’s third discovery in the East Nile Delta, after Atoll in 2015 and Salamat in 2013.

“We are delighted to sustain our success in these shallow Pliocene targets,” said Hesham Mekawi, BP North Africa Regional President. “We believe development of Qattameya could help unlock the resources in other nearby discoveries with similar shallow low pressure characteristics. This is part of our long-standing commitment to Egypt and to unlocking Egypt’s energy potential.”

Qattameya Shallow-1 well is 60km north of Damietta city, 30km southwest of Salamat and 35km to the west of Ha’py offshore facilities. BP has 100% equity in the discovery.

Qattameya discovery map. Image from BP's Twitter.

Egypt is a big part of BP's portfolio, spending $30 billion in investments, the oil major said.

BP signed agreements to fast-track the Atoll development in November 2015, opting to develop the discovery in two phases, with first production set for 2018. The first phase consists of two development wells tied back to the existing Taurt field, in 100m water depth.

BP cites Atoll as an important project, which is being developed through Pharaonic Petroleum Co, a joint venture with Egypt's EGAS and Italy's Eni. The Atoll project involves the development of 1.5 Tcf of gas resources and 31 MMbbl of condensate. Production from Atoll is expected to be around 0.3 Bcf/d. All the produced gas will be fed into the country’s national gas grid, BP said.

In October 2016, BP awarded Subsea 7 a substantial contract for Atoll's phase one development concerning the engineering, procurement, construction and installation of more than 40km of rigid pipelines and associated structures for the new Atoll field.

BP also recently acquired a 10% stake from Eni, with an option to purchase an additional 5%, in the Shorouk concession where the giant Zohr gas filed was discovered. 

Image: BP's offshore Egyptian operations using the Maersk Discoverer. Photo from BP.

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