Development work at BP’s Atoll gas field 53% complete

BPBP has completed 53% of the development work being carried out at the North Damietta offshore concession’s $3.8 billion Atoll field, including drilling three deepwater wells 950 meters below sea level, the Oil Ministry said in a statement yesterday. The field, which holds about 1.5 tcf of gas reserves, is expected to begin producing a daily 300 million cubic feet of gas and eight thousand barrels of condensates by December 2017.



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