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Tag: Atoll

Subsea 7 engineering teams start on Atoll project offshore Egypt

Posted: March 4, 2017 at 3:21 pm   /   Oil & Gas

Subsea 7 says the last stage of the offshore campaign is under way in the Egyptian sector of the Mediterranean Sea for Phase One of the West Nile Delta project on the Taurus and Libra fields. Fabrication has started for Phase Two on the Giza, Fayoum, and Raven fields. The company’s work on the East […]

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A New Energy Era for Egypt (BP Magazine)

Posted: February 13, 2017 at 1:32 pm   /   Oil & Gas

Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production.  BP Magazine visits the country to find out more. Report by: Amanda Breen A new energy era BP has been helping Egypt to meet its energy needs for more than half a century […]

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BP expects gas production in Egypt to begin in 2 years

Posted: January 28, 2017 at 12:43 pm   /   Oil & Gas

Investments in Egypt make up 20% of BP’s total investments worldwide. British Petroleum (BP) is expected to start gas production in Egypt sometime in 2017 and 2018, which will boost production and provide the domestic market with its needs, said the company’s CEO on Wednesday. In a meeting with Egyptian petroleum minister Tarek El-Molla, BP’s […]

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Egypt to increase gas production up to 50% by mid-2018

Posted: January 28, 2017 at 12:07 pm   /   Oil & Gas

Egypt’s Petroleum Minister Tarek El-Molla said that Egypt is aiming to increase its natural gas production up to 50 percent by mid-2018, as well as completing the infrastructure development projects of Misr Fertilizers Production Company (MOPCO) and The Egyptian Company for Ethylene Production (ETHYDCO) petrochemicals factories. El-Molla’s statement came during his participation in the Egyptian-British […]

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Wood Mackenzie: Egypt’s gas market set to undergo major change

Posted: January 13, 2017 at 2:41 pm   /   Oil & Gas

Egypt’s gas market would undergo significant change over the next five years, impacting global LNG market, according to a research by the natural resources consultancy Wood Mackenzie. After five years of falling gas production and switching from a net exporter to a net importer, the new production capacity coming on stream over the next few […]

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Pharaonic Petroleum plans to invest $500 million in FY 2017-18

Posted: January 9, 2017 at 3:24 pm   /   Oil & Gas

Pharaonic Petroleum said its board of directors approved the estimated budget for the fiscal year 2017 – 2018. The company stated that it plans to pump $500 million in investments if FY17/18. Pharaonic Petroleum operates Egypt’s offshore Atoll field, which is joint venture company between Egypt state-owned Egyptian General Petroleum Corporation and BP Egypt. BP […]

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Subsea 7 expands offshore Egypt backlog

Posted: November 12, 2016 at 1:10 pm   /   Oil & Gas

Subsea 7 has completed offshore operations on the fasttrack East Nile Delta project in the Egyptian sector of the Mediterranean Sea. During 3Q, the Seven Borealis was engaged in pipelay for the first phase of the West Nile Delta project. Last month, Subsea 7 secured an EPIC contract for the Atoll project in the same […]

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Subsea 7 awarded Atoll field contract offshore Egypt

Posted: October 20, 2016 at 12:45 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a substantial* contract, offshore Egypt, by Pharaonic Petroleum Company to be executed at water depths of  over 900 metres in the Atoll field. The contract scope includes the engineering, procurement, construction and installation of more  than 40 kilometres of rigid pipelines and associated  structures for the new Atoll […]

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Major LNG exports by Egypt seen unlikely

Posted: September 23, 2016 at 2:25 pm   /   Oil & Gas

Even as production of natural gas rebounds next year, Egypt will have difficulty recovering its role as a steady exporter of LNG, says Facts Global Energy (FGE), London. The country’s production fell below 4 bscfd in July from 6 bscfd in 2009 but will reverse course as major developments start coming on stream. FGE cites: […]

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Wood Mackenzie: Finding profitable projects at US$40-50/bbl

Posted: August 14, 2016 at 2:38 pm   /   Oil & Gas

By Angus Rodger Upstream investment in new projects has stepped up a notch over the last few weeks. A final investment decision (FID) has now been taken on six major developments through 2016 – including four in June and July. These projects account for a combined US$67 billion in capex and over seven billion boe […]

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