Eni and BP are planning to extract 350mcf/d of natural gas from the Baltim South West exploration prospect in the East Nile Delta by the end of the current fiscal year, according to Al-Borsa News. The production is scheduled to connect to the national grid during the second half of 2017. The field is expected to produce six wells ranging in depth from 3,900 to 4,000 meters below sea level.
Drilling each well would take two and half months, informed Trade Arabia. Currently, the second well is under construction with the preliminary appraisal results showing that the reserves of recoverable gas in the Baltim concession is estimated at around 700bcf. Further appraisal is required to confirm the full resource potential.
The wells are drilled 12 km from the Nooros gas field, which was discovered in July 2015, and produces 65,000b/d of oil, informed Reuters. Egypt currently has twelve natural gas field development projects under way worth a total of $33b.