BP Stakes Out Key Role In Egypt’s Gas Renaissance – If The Price Is Right

BP has over the past week held out the prospect of developing up to 17tcf of gas reserves offshore Egypt.

BP followed up the long-delayed sanction of the 1.2bn cfd, $12bn West Nile Delta (WND) project by this week touting the potential of developing a further 5 tcf-plus of gas reserves in deep strata further east on the North Damietta concession.

The initial WND plans involve developing 5 tcf of gas and 55mn barrels condensate reserves on the North Alexandria (BP 60%, Dea 40%) and West Mediterranean (BP 80%, Dea 20%) concessions (MEES, 6 March). The firm also, when announcing project sanction on 6 March, held out the “potential through further exploration to add a further 5-7 tcf”.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE