Petroleum Africa
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Tuesday, March 10, 2015
DEA Deutsche Erdoel AG, formerly RWE Dea, and its partner in Egypt, BP, saw the final agreements to develop 5 Tcf of gas resources signed. The West Nile Delta (WND) development is considered of prime importance for Egypt’s energy sector and is currently the largest project in DEA’s portfolio.
The total investment of the partnership will be around $12 billion to develop the resources.
“We are pleased to have contributed to the successful conclusion of these contracts securing such a large scale supply that will help to meet the increasing energy demand in Egypt,” said Thomas Rappuhn, CEO of DEA. “This project underlines once more DEA’s long-term commitment to the country, where we are active for more than 40 years now.”
Gas will be produced from two offshore concession blocks, North Alexandria and West Mediterranean Deepwater. The WND project concept maximizes the utilization of existing infrastructure. The fields Taurus and Libra will be developed subsea and tied-in offshore to the existing Burullus facilities, operated by the Burullus JV.
The fields Giza, Fayoum and Raven will be tied-back to the shore over long distance and deepwater, where the existing Rosetta plant will be modified for Giza and Fayoum and integrated with a new adjacent onshore plant for Raven.
DEA has a 40% working interest in North Alexandria and a 20% working interest in West Mediterranean Deepwater. Operator and owner of the remaining share is BP.
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