OneSubsea is getting a piece of BP’s West Nile Delta Taurus Libra development offshore Egypt by snagging a multi-million dollar subsea contract.
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Image from OneSubsea. |
The scope of work for the subsea systems include 10 large bore gas trees and related subsea equipment, with first delivery expected in 1Q 2016.
The Taurus Libra field is the first development in the West Nile Delta area, which is being tied back to the existing West Delta Deep development.
The West Nile Delta fields will develop 5 Tcf of gas resources and 55 MMbbl of condensates.
“This project is being executed on a fast track schedule, utilizing the standardized BP horizontal gas tree and control system that we jointly developed,” Mike Garding OneSubsea CEO said. “OneSubsea has a long history of supplying subsea systems to Egypt and we look forward to continuing this success.”
The West Deep Delta Marine development came onstream offshore Egypt in 1999. Now, it is on Phase IXa of development and has 58 wells, seven of which have HIPPS, and 14 manifolds. None have been plugged and abandoned yet.
BP operates the West Nile Delta project with 60% interest with partner RWE Dea (40%).
In January, the Egyptian government signed six agreements for oil and gas exploration in the Gulf of Suez and the Western Desert, 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.
Read more:
West Delta Deep Marine- Expansion beyond Limits
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