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Tag: North Damietta
BP Concessions

BP to drill new wells in Qattameya, Atoll gas fields offshore Nile Delta

Posted: August 27, 2019 at 1:34 pm   /   Oil & Gas

BP is preparing to drill two new wells in the Atoll and Qattameya natural gas fields in its North Damietta offshore concession in the Nile Delta, according to an Oil Ministry statement. The drilling work will cost USD 280 million. The Atoll field is expected to produce 100 mmcf/d of gas when it comes online […]

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BP Concessions

BP’s Qattameya well to produce 60 mmcf/d of gas by 2020

Posted: October 18, 2018 at 3:19 pm   /   Oil & Gas

BP will begin producing 60 mmcf/d of natural gas from its Qattameya Shallow-1 exploration well in the North Damietta East Nile Delta marine concession by 2020, a source from the industry told Youm7. Early works on the well are due to begin soon as BP had promised in April to begin production by no later […]

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BP starts production from Egypt’s Atoll gas field seven months ahead of schedule

Posted: February 12, 2018 at 9:47 pm   /   Oil & Gas

BP announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate. The project is now producing 350 million cubic feet of gas a day (mmscfd) […]

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BP’s Atoll field is 93% complete, production on track by year’s end

Posted: November 9, 2017 at 4:41 pm   /   Oil & Gas

BP will launch production at the USD 3.8 bilion Atoll field in the North Damietta concession ahead of schedule by the end of the year, said Hassan Abady, Chairman BP JV Pharaonic Oil Company, Al Ahram reports. Development of the field is 93% complete, including the drilling of three deepwater wells 950 meters below the […]

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Atoll

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

Posted: May 18, 2017 at 1:43 pm   /   Oil & Gas

BP 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 […]

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EGAS receives EGP 1.8 bn loan from eight-bank consortium to fund Zohr, North Damietta

Posted: May 15, 2017 at 3:26 pm   /   Oil & Gas

A consortium of eight banks agreed to extend the Egyptian Natural Gas Holding Company (EGAS) an EGP 1.8 billion facility to finance its plans to increase natural gas production, Ahram Gate reports. The five-year loan is arranged by Banque du Caire; EGP 220 million from was contributed by Emirates NBD, according to Al Mal. The […]

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BP makes third gas discovery in North Damietta Concession offshore Egypt

Posted: March 27, 2017 at 12:14 pm   /   Oil & Gas

BP announced today another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of approximately 108 metres using the El Qaher II jack-up rig. The wireline logs, pressure data and fluid samples confirmed […]

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BP sanctions “fast-track” development of Atoll discovery in Egypt

Posted: June 20, 2016 at 4:52 pm   /   Oil & Gas

BP announced today that together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned development of the Atoll Phase One project which is an early production scheme that will bring up to 300 million cubic feet a day (mmscfd) gross of gas to the Egyptian domestic gas market starting in the first half […]

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GlobalData Report: BP’s Atoll field development project will reduce Egypt’s gas deficit

Posted: April 18, 2016 at 9:38 pm   /   Oil & Gas

“Analysis indicates that an investment of $945m will be required for the first phase development.” The Atoll gas discovery is of national significance for Egypt as it is expected to reduce the country’s 2bcf gas deficit, according to a report by GlobalData. Entitled ‘Egypt Atoll Project Panorama – Oil and Gas Upstream Analysis Report’, the […]

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BP signs $1 billion deals with Egypt for the development of Atoll gas field

Posted: April 6, 2016 at 8:26 pm   /   Oil & Gas

British Petroleum (BP) had signed a number of deals with Egypt concerning the development of Atoll gas discovery in March in the North Damietta Offshore Concession in the East Nile Delta, the Egyptian Ministry of Petroleum announced Tuesday. The investments of this phase are estimated at a $1 billion out of $3 billion allocated for […]

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