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Tag: Pharaonic Petroleum Co.

BP starts gas production from Qattameya field offshore Egypt

Posted: October 26, 2020 at 1:17 pm   /   Oil & Gas

BP today announced the start of gas production from its latest development ‎offshore Egypt – the Qattameya gas field in the North Damietta offshore concession.  Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is ‎expected to produce up to 50 million cubic feet of gas per day, has been developed ‎through a […]

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Pharaonic Petroleum’s total gas production reaches 600 mmcf/d

Posted: June 2, 2018 at 7:52 pm   /   Oil & Gas

The Pharaonic Petroleum Company (PhPC) on Thursday revealed that its total natural gas production hit 600 million cubic feet (mmcf/d) per day, in addition to 11,000 barrels of condensate per day. The announcement came during an inspection tour paid by Petroleum Minister Tarek el Molla to Port Said governorate to follow up on the progress […]

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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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BP’s JVs PhPC, GUPCO boost Egypt’s petroleum reserves

Posted: August 21, 2017 at 12:31 pm   /   Oil & Gas

Pharaonic Petroleum Company (PhPC) has finished works of third phase of developing East Nile Delta offshore fields, company Head Hassan Abady said on Sunday. In a meeting with the Minister of Petroleum Tarek al-Molla to review financial results, Abady said that his company finished drilling two wells; Habi-16 and Taurt-8, adding that they both were […]

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BP’s Atoll gas field production targeted for end of 2017

Posted: August 15, 2017 at 10:08 pm   /   Oil & Gas

BP will launch production at the USD 3.8 billion Atoll field by the end of this year, the Oil Ministry said in a statement. 70% of the field has been developed so far with three wells having been completed, said Hassan Abbady, chairman of the BP JV Pharaonic Oil Company. (Source:

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Aquatic's Dual Tensioner selected for Atoll Umbilical Setup offshore Egypt

Posted: June 7, 2017 at 12:04 am   /   Oil & Gas

Aquatic’s Dual Tensioner a Key Part of the Installation for the Pharaonic /PHPC Atoll Project. Aquatic has been selected to provide tensioning capabilities to DeepOcean BV on behalf of Subsea 7 for the Pharaonic /PHPC Atoll Main umbilical installation project in Egypt. Aquatic will provide its Dual Tensioner System solution to tension the umbilical during […]

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Minister of Petroleum visits BP's North Alexandria Gas Projects and reviews progress

Posted: March 14, 2017 at 5:01 pm   /   Oil & Gas

Egyptian Minister of Petroleum, Eng. Tarek El Molla, visited North Alexandria to follow up on project developments in gas fields located in the Mediterranean’s deep water. Bernard Looney Chief Executive of BP for Exploration and Production, and BP North Africa Regional President Eng. Hesham Mekawi accompanied El Molla during his visit to the project’s site. […]

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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 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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Pharaonic Petroleum Co. to add 70 MMcf of gas from Ha'py field in April

Posted: March 1, 2016 at 5:22 pm   /   Oil & Gas

Eng. Hassan Abady, chairman of Pharaonic Petroleum Company S.A.E., said that the Fairlift vessel owned by marine installations contractor Subsea 7 has arrived loaded with umbilicals, electric and hydraulic works, cables, pipelines and fittings in preparation for the development of the East Nile Delta Phase 3 Project (END-3) of installing and tying new offshore Ha’py […]

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