BP makes fifth gas find in 2 years in western Nile Delta

BP PLC has made its fifth gas find in 2 years in the western Nile Delta with the Libra K-1x well off the north coast of Egypt. The well, in 450 m of water, discovered gas in five separate zones, one of which was tested as rate of 22.3 MMscfd with a gas condensate ratio of 7.6 bbl/MMscf.


By the OGJ Online Staff

LONDON, July 13 -- BP PLC has made its fifth gas find in 2 years in the western Nile Delta with the Libra K-1x well in the North Alexandrian Concession Area off the north coast of Egypt.

The well, in 450 m of water, discovered gas in five separate zones, one of which was tested as rate of 22.3 MMscfd with a gas condensate ratio of 7.6 bbl/MMscf. BP noted that the flow rate was constrained by testing equipment.

First estimates are that the well encountered around 50 m of conventional pay, proving combined reserves of 500 bcf.

BP's five gas finds have proved reserves of more than 2 tcf. The concession partners -- BP with 60% and Germany's RWE-DEA AG with 40% -- plan to drill at least another three wells in the western Nile Delta over the next year, including a first well in the West Mediterranean Deep Water Concession Area later this year.

BP became operator of the that area on July 5 with the acquisition of TotalFinaElf SA's 50% interest in the concession.

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