Barely a month after completing its takeover of Italian firm Edison’s E&P assets (MEES, 18 December 2020), Greek firm Energean has taken FID on a project seen as essential to maintaining output at the key asset, Egypt’s Abu Qir. Abu Qir produced 182mn cfd and 5,100 b/d of condensate for Q3, a substantial fall from 2019’s 225mn cfd and 5,500 b/d (MEES, 27 November 2020).

Development of the North El Amriya (NEA) and North Idku blocks further offshore via four wells should add an incremental 90mn cfd of gas and 1,000 b/d condensate from 2H 2022, Energean said in a 21 January statement. (CONTINUED - 231 WORDS)