BP to Produce Northern Alexandria Gas in 2017

BP to Produce Northern Alexandria Gas in 2017

British Petroleum (BP) is aiming to start the first development phase of the northern Alexandria concession and west Mediterranean deep water concession by the third quarter of 2017, with a production capacity of 450mcf/d of gas, reported Al Borsa News.

A source from the Egyptian Natural Gas Holding Co (EGAS) stated that the development project, with an estimated $11.3b in investments and forecasted total reserves of 5,000bcf of gas and 55m barrels of condensate, will be completed by the second quarter of 2019. The project’s  initial production capacity is reported at 900mcf/d, and will eventually reach 1.3bct/d of gas and 17tb/d of condensate.

 

Sarah Samir 2823 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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