Egypt: ‘Steep Decline’ At BP’s Key WND Gas Project

All is not plain sailing at BP’s $12bn, 5tcf, West Nile Delta (WND) project in Egypt’s deepwater Mediterranean. Not only did last month’s start-up of Phase-2 output from the Giza and Fayoum fields miss the “late 2018” schedule, but production from Phase-1 has “experienced steeper than anticipated decline,” 17.25% partner Dea acknowledges in its Q4 results, released 7 March.

Output from the two Phase-1 fields, Taurus and Libra, began in late March 2017, with operator BP (82.75%) saying just over a month later that production had hit 700mn cfd ( MEES, 12 May 2017 ). BP added at the time that it expected output to average target plateau levels of 600mn cfd for the remainder of 2017. (CONTINUED - 1014 WORDS)

DATA INSIDE THIS ARTICLE

chart Dea North Africa Gas Output (Mn Cfd*): Start-Up Of Key Algeria Project Fails To Compensate For 2018 Egypt Collapse