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Tag: West Nile Delta

British companies looking to bring experience and expertise to Egypt’s new energy discoveries

Posted: February 24, 2016 at 1:31 pm   /   Oil & Gas

Terry Willis, Director of Africa and Middle East at the Energy Industries Council (EIC), has affirmed Egypt as a key market for leading British companies working in the oil and gas sector. Willis is in Egypt leading a week-long trade mission for eight British companies that provide specialised goods and services to the global energy […]

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As Big Oil shrinks, boards plot different paths out of crisis

Posted: February 9, 2016 at 6:11 pm   /   Oil & Gas

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world’s top oil companies […]

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Thomas Radwitz new General Manager of DEA Egypt

Posted: February 1, 2016 at 1:59 pm   /   Oil & Gas

As of February 1st, Dr Thomas Radwitz has been appointed General Manager of the Egyptian subsidiary of DEA Deutsche Erdoel AG. Egypt is one of the core countries for the German upstream company. Dr Thomas Radwitz, who is well experienced in Egypt‘s and the North African upstream industry, succeeds Dr Hans-Hermann Ecke, who has been […]

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Subsea 7 awarded sizeable BP offshore platform extension and tie-in contract

Posted: December 30, 2015 at 2:21 pm   /   Oil & Gas

Subsea 7 has secured a contract by Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development of the Taurus and Libra fields by BP, offshore Egypt. Engineering and project management work will start immediately and will be undertaken at Subsea 7’s Cairo office and Subsea 7’s Global […]

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BP to acquire additional interest in the West Nile Delta project

Posted: December 9, 2015 at 6:34 pm   /   Oil & Gas

BP Egypt has announced the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP’s working interest in both concessions of the West Nile Delta project to 82.75 per cent. […]

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Farm-down completed – DEA remains strong partner in the West Nile Delta project

Posted: December 9, 2015 at 6:28 pm   /   Oil & Gas

DEA Deutsche Erdoel AG has completed the farm-down of its stake in the West Nile Delta (WND) project in Egypt. Its share in all WND fields is now equalized at 17.25%. The share reduction was part of the company’s portfolio optimization. DEA remains committed to Egypt’s energy production. The WND development of five trillion cubic […]

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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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Nexans to deliver umbilicals to the West Nile Delta Taurus Libra project in Egypt

Posted: September 18, 2015 at 7:05 pm   /   Oil & Gas

Nexans has been awarded the contract to deliver 48km of static umbilicals to BP, and partner DEA, for the West Nile Delta Taurus Libra project in Egypt. The Taurus Libra development is a subsea project tied in to existing BG Group operated Burullus facilities, and the umbilical delivery forms an important part of this subsea […]

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Subsea 7 awarded $500 million BP contract offshore Egypt

Posted: July 30, 2015 at 7:45 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project where field development will be at depths of […]

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DEA farms out part of West Nile Delta project to BP

Posted: May 19, 2015 at 10:42 pm   /   Oil & Gas

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to better balance its portfolio. The deal includes the sale of a portion of DEA’s stake in the ongoing Phase 1 development […]

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