BP, Eni Race For First Gas From Egypt Acreage

The UK’s BP and Italian firm Eni are both planning to fast-track their recent mega offshore gas projects, with BP looking set to win the race by bringing its $12bn, 5 tcf West Nile Delta (WND) project online in early-2017.

Not too far behind, Eni is hoping to have its 30 tcf Zohr discovery online by early-2018 as both firms look to tie-in their discoveries to already existing infrastructure. Absent major delays gas-thirsty Egypt will again be energy independent by the turn of the decade.

While Zohr was only discovered in August, the BP-led WND project (BP 82.75%, Germany’s Dea 17.25%) has been on the drawing board since 2010. But WND was finally sanctioned in March of this year after BP revised its development plan to piggy-back on existing BG infrastructure, cutting costs and shortening the time to first gas in the process. Oil Minister Tarek El Molla says he expects first WND output in early 2017 as opposed to the original mid-2017 estimate. Initial output will be 450mn cfd rising to 600mn cfd at end-2017 and 1.2bn cfd plateau output by end-2019, he says. (CONTINUED - 960 WORDS)