UK’s BP acquired Royal Dutch Shell’s Rosetta gas treatment plant in Egypt, for $128m. BP received the plant in April 2016 to prepare it to be linked to the production of Giza and Fayoum gas fields in northern Alexandria, reported Al Borsa News.
A source in the petroleum sector stated that the maximum capacity of the Rosetta plant is estimated at 425mcf/d of gas, with 420mcf produced from Giza and Fayoum fields planned to be linked to the station by 2019, reported Arab Finance.
After completing the deal with BR, Shell transferred production from the Rosetta field to the Borollos processing plant.
In related news, the Egyptian Ministry of Petroleum expects production from the Northern Alexandria project to come online during the second half of 2017, resulting in 1.25bcf/d of gas and 17,000b/d of condensate . Egypt plans to complete linking the production to its national grid during the third quarter of 2019, with investments totaling $11b.