Energean PLC has taken a final investment decision on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered and appraised gas fields (Yazzi, Python) while the NI concession contains four discovered gas fields, one of which is readied for development. NEA/NI is due to deliver first gas in second-half 2022 with 49 MMboe of 2P reserves, 87% of which is gas. Peak production is expected at 90 MMscfd plus 1,000 b/d of condensates.
An initial development of two of the discovered gas fields in the NEA/NI area (Yazzi and Python) is planned. These fields will be developed as satellite fields to the Abu Qir gas-condensate offshore and onshore infrastructure. The combined development concept includes three subsea wells, to be drilled in water depths of 30-85 m, and tied back to the North Abu Qir III platform. A fourth well will be required to develop the NI-1 discovery. The infrastructure will be installed alongside the NEA development to allow the NI-1 well to be hooked up either in parallel with NEA or afterwards.
Total capital expenditure is expected to be $235 million, the majority of which is expected to be incurred in 2022. TechnipFMC has been awarded the engineering, procurement, construction and installation contract.
The NEA/NI drilling campaign is expected to be integrated with Energean’s broader Abu Qir drilling campaign. The Abu Qir concession remains one of the largest gas producing hubs in Egypt, and comprises three fields (Abu Qir, North Abu Qir, and West Abu Qir) and a network of six production platforms interconnected by pipelines.