For those following BP in Egypt one could be forgiven for thinking the story is all ‘good news.’ The $12bn, 5tcf West Nile Delta project is BP’s biggest project anywhere this year: Phase 1 is set to come onstream this quarter, well ahead of schedule (MEES, 31 March). The company, in its 2016 annual report released 6 April, also flags up the Nooros field on the Abu Madi West block split with Eni (75%, BP 25%) in the shallow offshore Nile Delta as a key 2016 success. Output here hit plateau levels of 875mn cfd gas and 7,000 b/d condensate in January 2017, less than 18 months after start-up, BP says.
The self-congratulatory introductory section of BP’s report also flags up the purchase of 10% of Eni’s Zohr, which completed 23 February, and it plans to bring the Atoll field in the North Damietta offshore concession (BP 100%) onstream at 300mn cfd in 1H 2018 as well as “an important discovery in the area’s Baltim South development in 2016.” The discovery is “situated on the same trend as the Nooros field,” BP says in the by-country upstream section of its report, adding that “following appraisal of the discovery, BP and its partner Eni are working on the development options.” (CONTINUED - 393 WORDS)
