BP finds major deep gas in Egypt
Posted: 04 February 2008
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BP Egypt has made a significant gas discovery at record depths in the Nile Delta, the company has announced.
The Satis discovery is located in the North El Burg Offshore, Nile Delta concession, some 50 kilometres north of Damietta.
According to the company, the well was drilled to a Nile Delta record depth of more than 6,500 metres and is the first significant high-pressure, high-temperature, offshore Oligocene discovery.
Satis, which is BP's third deep gas discovery in the Nile Delta, was drilled by the Constellation II jack-up rig, in a water depth of 90 metres.
Satis is a major technical achievement that demonstrates the great potential of the deeper reservoirs within the Nile Delta and will require further appraisal, the company said.
The parties to the North El Burg offshore concession agreement are: BP, operator (50%) and IEOC, the affiliate of Italy's ENI in Egypt (50%).
Andy Inglis, BP's chief executive of Exploration & Production said: "This is a significant discovery, which will underscore our position as a major producer in the growing Egyptian gas market for many years to come."
Egypt's offshore Nile Delta is an important part of the company's upstream portfolio. BP has interests in four exploration concessions, with operatorship of three, the company said.
BP made its first discovery at Raven in 2003, followed by the more recent Taurus Deep find in 2007. To date BP Egypt has produced almost 40% of Egypt's entire oil production and close to 30% of gas demand with its partners. |
