Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, British oil major BP to follow up on the development of the North Alexandria project, Eng. Mohamed Al-Masry EGAS Chairman, Eng. Tarek El Hadidy, Eng. Mohamed Shemi, Enppi Chairman Eng. Mohamed Hathot and BP North Africa Regional President Eng. Hesham Mekawi were all present at the meeting.
The Minister of Petroleum, Eng. Tarek El Molla, added the project aims to develop 5 gas fields which are Raven, Taurus, Libra, Fayoum, and Giza fields located in north Alexandria and west Mediterranean. 55mb of condensates. The Minister said that the project will aide Egypt in compensating for natural gas decline in existing fields, consequently addressing the gap between gas supply and demand.
BP North Africa Regional President Eng. Hesham Mekawi said that the offshore concession’s output will be roughly “600 million cubic feet per day in next June of 2017 and reach 1.3 billion cubic feet per day by the end of 2019,”, the project will revive Rashid gas processing facility for both Fayoum and Giza fields, as well as develop a new gas processing plant for Raven field. The project also entails the development of a 35km pipeline as a to link Libra and Taurus to Burullus pipeline, and a 70km pipeline to move gas from Giza, Fayoum and Raven to Rashid for processing.
(Source: Ministry of Petroleum)