Offshore Technology: As firms flock offshore Egypt, can the nation reverse its energy fortunes?
Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy […]
BP begins trial operations at North Alexandria offshore concession
BP has begun trial operations at its North Alexandria offshore concession and is expected to bring the well to commercial production levels this year, Oil Minister Tarek El Molla said yesterday, Al Borsa reports. As noted earlier this month, BP is expecting to produce 600 million cubic feet per day of natural gas and will […]
BP to process 600 mmcfd of WND gas at Shell’s Burullus treatment plant
BP is bringing 600 million cubic feet per day (mmcfd) of gas from West Nile Delta (WND) project’s Taurus and Libra fields in North Alexandria onstream and will process them at Shell’s Burullus gas treatment plant by the end of April, an unnamed source told Al Borsa. The sources say Shell will charge BP USD […]
Egypt hopes to reach gas market balance in 2018, to export by 2020
Egypt hopes its gas market will be balanced in 2018 and expects to begin exporting gas by 2020, EGAS chief Mohamed Al-Masry said on Wednesday at the Egypt Petroleum Show EGYPS in Cairo. Al-Masry also said 2018 will be the last year for Egypt to import gas for the domestic market. Egypt has gone from […]
Post-Zohr reforms to boost appeal
With first production from Eni’s giant discovery likely to be less than a year away and other finds on the path to development, the country is taking the chance to revamp and streamline the bidding process. Egypt’s upstream sector was given a much-needed boost when Italian operator Eni discovered the giant Zohr field in the […]
BP expects gas production in Egypt to begin in 2 years
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 […]
Egypt to increase gas production up to 50% by mid-2018
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 […]
Minister of Petroleum reviews progress of BP's North Alexandria gas projects
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, […]
BP to produce 600 mcf/d from North Alexandria concession by June
BP expects to begin producing 600 mcf/d of natural gas from its North Alexandria offshore concession by June, Al Borsa reported. The Fayoum and Giza fields are expected to come on stream in 1Q2019 and will produce at 400 mcf/d, BP’s North Africa Regional President Hisham Mekawi said. He added that the Raven field should also […]