Energean's NEA/NI Offshore Gas Project in Egypt Now Online

Thursday, March 9, 2023

Oil and gas company Energean said Thursday that the first gas had been delivered at North El Amriya and North Idku ("NEA/NI"), in the Mediterranean Sea, offshore Egypt. 

Energean sanctioned the project in January 2021, representing a development period from the final investment decision to the first gas of two years and two months. 

Gas is being produced from the NEA#6 well, with the remaining three wells expected to be brought online during 2023.

The NEA/NI development, located in shallow water, offshore Egypt, contains an estimated 39 mmboe of 2P reserves (88% gas) with net working interest production expected to peak at 15 - 20 kboed (88% gas) in 2024. The 2P reserves figure includes 10 mmboe located in the Abu Qir licence to be developed through the NEA/NI development

The development uses existing infrastructure and involves the subsea tieback of four wells to Energean's North Abu Qir PIII platform.

Mathios Rigas, Chief Executive Officer of Energean, commented: "Our successful development of first gas at NEA/NI is a good example of our commitment to Egypt and longstanding partnership with the Egyptian Ministry of Petroleum, EGPC, and EGAS, creating value for all stakeholders. 

"We are delighted to bring on new production into our East Mediterranean gas-focused portfolio, as well as meeting the needs of Egypt and Egyptians through underwriting energy security with reliable supply that has a lower carbon footprint than alternative sources of domestic energy."

Categories: Energy Industry News Activity Production Africa Mediterranean Sea

Related Stories

Russia's Sakhalin-1 Oil Production Back at Peak 200,000 bpd, ONGC Says

TotalEnergies Granted 20-Year License Renewal on Nigerian Offshore Block

Nigeria's NNPC Signs Deals with Total, CNOOC on Deepwater Oil Block

Current News

Valeura Extends FPSO Charter and Maintenance Services Contract for Jasmine Oil Field

Prysmian Group Taps YIT for Cable Tower Work in Finland

Denmark's Semco Maritime to Acquire German Firm Wind Multiplikator

Canada: Equinor Delays Bay du Nord Offshore Oil Project Up to 3 Years

Subscribe for OE Digital E‑News