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Tuesday, March 10, 2015
Another important discovery has been made by BP offshore Egypt in the East Nile Delta. The discovery was made with the drilling of the deepwater well, Atoll-1, on the North Damietta Offshore Concession.
The well, currently being drilled using semi-submersible rig Maersk Discoverer, has reached 6,400 meters depth and penetrated approximately 50 meters of gas pay in high quality Oligocene sandstones.
The well is expected to be the deepest well ever drilled in Egypt, having another 1 km to go in order to test the same reservoir section found to be gas bearing in BP’s significant 2013 Salamat discovery, 15 km to the south.
Bob Dudley, BP Group Chief Executive, commented: “Success in Atoll further increases our confidence in the quality of the Nile Delta as a world class gas basin. This is the second significant discovery in the license after Salamat. The estimated potential in the concession exceeds 5 Tcf and we now have a positive starting point for the next possible major project in Egypt after BP’s West Nile Delta project.”
Commenting on the discovery, Hesham Mekawi, BP North Africa Regional President said: “The Atoll discovery is a great outcome for our second well in this core exploration program in the East Nile Delta. It demonstrates BP’s continuous efforts to help in meeting Egypt’s energy demands by exploring the potential in the offshore Nile Delta. We are proud of our commitment to unlock Egypt’s exploration potential that requires large investments to utilize using the latest drilling and seismic technologies.”
BP has 100% equity in the discovery.
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