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Egypt: North Shadwan concession oil output starts

BP Exploration (Delta) Ltd. has started oil production from NS377 field on the North Shadwan concession in Egypt’s southern Gulf of Suez.

Initial production via pipeline will be restricted to 1,000 b/d. The oil will be treated at Petrobel’s Ras Ghara treatment plant before being piped to the main Petreco Oil Centre and marine terminal 120 km north at Abu Rudeis. Further production from NS377 will be handled by truck starting in the second quarter of 2012.

In nearby NS385 field, planning is under way for drilling the first development well, expected to spud by the end of the second quarter. NS385 is to begin producing by the first quarter of 2013, bringing combined production from North Shadwan to as much as 5,000 b/d.

The North Shadwan joint venture partners have applied for a development lease for the NS394 oil discovery. Development is expected to begin in 2013, and production is to start in 2014 at as much as 7,000 b/d.

North Shadwan equity interests are BP Exploration operator with 50%, TriOcean Energy Co. 30%, and Beach Petroleum (Egypt) Pty. Ltd. 20%.


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