Wednesday, February 5, 2020
During BP’s 2019 Earnings Call, Bob Dudley, BP Group Chief Executive confirmed that its Raven development in Egypt’s West Nile Delta (WND) complex in the North Alexandria concession, is experiencing significant delays and will not come fully online as scheduled.
Dudley said “it’s pretty much a function of some corrosion issues that we’ve picked up as part of the commissioning. It’s going to take longer to resolve than we would have liked.” In the longer term, the delay will not impact 2021 guidance but Dudley added “it’s going to affect 2020, obviously… we should be able to get full ramp by as we commission toward the end of this year into 2021. So, the 2021 targets are underpinned but it’s effectively around some corrosion issues around the installation that we have and the team have to deal with.”
WND is a multi-stage complex project. BP and partner DEA will develop five trillion cubic feet (tcf) of gas and 55 million barrels of condensate reserves from three phases of the WND project. The new fields and future exploration activities are expected to further boost production from WND by an additional 5 to 7 Tcf.
It was originally planned as two separate projects, but BP and its partners realized the opportunity to deliver it in three stages, accelerating delivery of gas production commitments to Egypt. Stage one began producing from the project’s first two fields, Taurus and Libra, in 2017. Stage two is the Giza and Fayoum development, which covers eight wells, aiming to ramp up to a maximum rate of 700 mmscf/d. Stage three, is the Raven field, and once all fields are up and running, peak production from the project is expected to reach 1.4 Bcf/d of gas.