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Oil & Gas

BP on track to bring Egypt's Zohr online by end of 2017

BP
Posted: August 2, 2017 at 3:44 pm   /   by   /   comments (0)

BPBP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni’s Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final investment decisions (FID) for additional projects in Gulf of Mexico, Egypt, and India.

Earlier this year, BP revealed its goal to start up five offshore projects in 2017, making it the company’s busiest year in its history for commissioning new projects. So far, two of those, West Nile Delta off Egypt, and Quad 204 in the North Sea have begun. Now, BP is moving to finish its goal with Juniper, Woodside Energy’s Persephone, and Zohr.

Moving to the Eni-operated Zohr project, BP said that it is scheduled to be online by the end of the year. The project was originally scheduled to come online in 2018.

Zohr is in the Mediterranean Sea in the Shorouk concession, about 120mi north of Port Said in some 4900ft water depth. The giant field is estimated to hold approximately 30 Tcf of gas.

Also offshore Egypt, BP sees the potential for Atoll to come online this year.

“I think, Atoll, the first phase in Egypt has potential to be ahead of schedule. It’s not inconceivable it could come on before the end of this year, but probably first quarter of next year, that’s moved fast very, very quickly,” Bob Dudley, BP CEO said in the company’s Q2 earnings call.

(Source: Offshore Engineer)

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