BP has started gas production from two fields in its West Nile Delta development offshore Egypt, the second of seven projects the oil and gas company plans to launch this year.
The Taurus and Libra fields, commissioned eight months ahead of schedule and under budget, are currently producing 700 million standard cubic feet of gas a day to the Egyptian national gas grid, BP said in a statement.
The West Nile Delta development includes five offshore gas fields which are planned to have in 2019 a combined production of up to almost 42 MMcm/d (1.5 Bcf/d), equivalent to about 30% of Egypt’s current gas production.
The subsea greenfield development includes nine wells—six in Taurus and three in Libra—and a 42-km (20-mile) tieback to the existing onshore processing facility, BP said. All the gas produced will be fed into the national gas grid.
BP is set to start up seven projects this year, including in Oman, the North Sea and Azerbaijan, the largest number in a single year in BP's history. It hopes to add 800,000 bbl/d of new production by the end of the decade.
Recommended Reading
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.