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Tag: Offshore

BP to begin gas production from North Alexandria Concession in early 2017

Posted: October 26, 2015 at 7:05 pm   /   Oil & Gas

British oil major BP will begin gas production at its North Alexandria Concession in early 2017 rather than mid-2017, Egypt’s petroleum minister Tarek El Molla said at a news conference on Saturday. The offshore concession’s output will be roughly “450 million cubic feet per day in 2017 and reach 1.2 billion cubic feet per day […]

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BP to invest $229 million with Eni and Total in three offshore blocks

Posted: October 22, 2015 at 3:50 pm   /   Oil & Gas

BP Plc said it had been awarded three new offshore exploration blocks in Egypt and that it and its partners had committed to investment of $229 million. BP said it would have 100 percent equity and operate the North El Tabya block, located in deep waters north of its recent Salamat and Atoll discoveries. The […]

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Eni announces details of North El Hammad and North Ras El Esh exploration license awards

Posted: October 12, 2015 at 3:21 pm   /   Oil & Gas

These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks, strengthening Eni’s presence in Egypt, a country of historic and strategic importance for the Company, and further relaunching its exploration activities after the recent and important successes of Nidoco NW and Zohr. Eni has been awarded with […]

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Maersk Discoverer completes deepest well drilled in Egypt & longest in the Mediterranean

Posted: July 7, 2015 at 6:46 pm   /   Oil & Gas

Maersk Discoverer finished well 62 days ahead of time for BP and claimed two offshore Mediterranean records. In the beginning of May, the crew on Maersk Discoverer reached a great milestone when they finalised their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m […]

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BP Finalizes Deal to Develop Egypt’s West Nile Delta Gas Fields

Posted: March 13, 2015 at 8:01 pm   /   Oil & Gas

BP announces the signing of the West Nile Delta project to develop 5 tcf of gas resources and 55 mmbbls of condensates. BP announced that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with […]

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Polarcus awarded broadband 3D seismic acquisition project in the Mediterranean

Posted: March 13, 2015 at 7:55 pm   /   Oil & Gas

Polarcus Limited announced that it has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The project will commence in Q1 2015 and is expected to run for approximately 50 days. Polarcus is an innovative marine geophysical company with a pioneering […]

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