BG Group signs LNG agreements in Egypt; plans new wells

Sept. 24, 2004
BG Group plans to add two wells at Scarab Saffron field 90 km off Egypt's Nile Delta to debottleneck facilities and enable delivery of 800 MMscfd of natural gas by first quarter 2005.

By OGJ editors

HOUSTON, Sept. 24 -- BG Group plans to add two wells at Scarab Saffron field 90 km off Egypt's Nile Delta to debottleneck facilities and enable delivery of 800 MMscfd of natural gas by first quarter 2005.

While Scarab Saffron will continue to supply 475 MMscfd of gas to Egypt's domestic grid, BG signed agreements with Egyptian General Petroleum Corp. (EGPC), Egyptian Natural Gas Holding Co. (EGAS), and Petronas also to export 225 MMscfd of gas through the Spanish-Egyptian Gas Co. (Segas) LNG plant in Damietta, Egypt, for 4 years and 150 MMscfd in the fifth year (OGJ June 14, 2004, p. 58).