BP: West Nile Delta update
The West Nile Delta (WND) Major Project is BP’s first operation in Egyptthrough a BP operating company. WND represents the largest tranche of Egypt’s new gas providing a major new source of gas for the domestic market in Egypt. The West Nile Delta development includes five offshore gas fields which are planned to have in 2019.
The project involves the development of gas and condensate fields located within West Mediterranean Deepwater concessions approximately 75 kilometres off the coast of Alexandria.
Production from the WND project is expected to reach up to 1.2 billion cubic feet a day, equivalent to about 25% of Egypt’s current gas production and will significantly contribute to increasing the supply of energy in Egypt. All the produced gas will be fed into the country’s national gas grid, helping to meet the anticipated growth in local demand for energy.
Production is expected to start in 2017. Gas will be produced from two BP-operated offshore concession blocks, North Alexandria and West Mediterranean Deepwater. During the construction phase, the project is expected to lead to the direct and indirect employment of tens of thousands of people.
In March 2015, BP and DEA group inked the final agreement of the project with the Egyptian Ministry of Petroleum, General Petroleum Corporation and the Egyptian Natural Gas Holding Company, investing $12 billion for the first phase.
The project is planned to develop 5 trillion cubic feet (tcf) of gas and 55 million barrels (mmbbl) of condensate reserves in its first phase. Peak production is expected to reach 1.2 billion cubic feet a day (bcf/d) of gas, which is equivalent to approximately 25% of Egypt’s current gas production.
BP: The West Nile Delta story (video)
The project is expected to cover one quarter of Egypt’s gas needs upon the completion of all phases, with a combined production of up to almost 1.5 billion cubic feet a day (bcf/d). In May, BP announced that the start of the first phase of gas production from WND’s first two fields, Taurus and Libra, currently producing 700 million standard cubic feet of gas a day to the Egyptian national gas grid.
BP Update – 10 May 17 More Link