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.

« GO BACK

You may also like

" alt="Sintana to Expand Asset Base in Namibia with Acquisition">

Sintana to Expand Asset Base in Namibia with Acquisition

" alt="Luanda Gives Afentra Nod for Azule Acquisition">

Luanda Gives Afentra Nod for Azule Acquisition

" alt="TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets">

TotalEnergies Increases Stake in ROC’s Giant Moho Field and Sells Mature Assets

" alt="Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential">

Africa’s $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder its Potential

" alt="African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage">

African Refiners Ponder Threats to Energy Security for Africa as Transition Takes Center Stage

" alt="Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine">

Invictus Inks Gas Sales MOU to Deliver Power to Eureka Gold Mine

" alt="Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt">

Globeleq Acquires the 25 MWp Winnergy Solar PV Plant in Egypt

" alt="Sintana Completes Well Testing at Mopane 1-X in Namibia">

Sintana Completes Well Testing at Mopane 1-X in Namibia