Continental Focus, International Reach

BP Targets More Production in Nile Delta

Monday, August 5, 2019

BP is targeting production of 500 Mmcf/d of natural gas from its new discovery in the Baltim South Development Lease in Egypt’s Nile Delta Offshore Concession, according to an Al Borsa report that cited a source from EGAS.

The Baltim SW-1 exploration well was drilled at a depth of 3,750 meters with a water depth of 25 meters, reaching sand layers holding excellent gas reservoirs.

BP’s exploration plan includes drilling six wells and a 35-km sealine to transport the gas to the Abu Madi plant at a cost of $380 million.

BP owns a 50% stake in the Baltim South Development Lease, while ENI owns the remaining 50% through its subsidiary IEOC. The exploration well was drilled by Petrobel, a JV, between the EFPC and IEOC.