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Tuesday, June 14, 2016
Egypt said it will keep all the gas produced from a recent discovery made by BP and ENI in the East Nile Delta. The gas discovery was made with the drilling of the Baltim SW-1 well on the Baltim South Development Lease.
A Bloomberg report stated the North African country would keep the gas for domestic consumption, allowing it to cut its LNG import bill.
During drilling the Baltim SW-1 encountered approximately 62 meters of net gas pay in high quality Messinian sandstones. The discovery is a new accumulation along the same trend of the Nooros field discovered in July 2015 and currently producing 65,000 boepd. Further appraisal activities will be required to underpin the full resource potential of the discovery.
In a statement announcing the Baltim SW-1 discovery, Hesham Mekawi, regional VP North Africa, said: “We are pleased with the results of the Baltim SW-1 well as it is the third discovery along the Nooros trend and confirms the great potential of the Messinian play and its significant upside in the area.”
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