Amoco Corp. and BG plc have both secured gas sales contracts with Egyptian General Petroleum Corp. (EGPC), which will lead to development of two Nile Delta gas finds to supply Egypt's domestic market.
Amoco will deliver 250 MMcfd of gas to EGPC from Ha'py discovery on Ras El Barr concession, beginning late in 1999. BG will also provide 250 MMcfd, beginning January, from its Rosetta concession.
Ha'py development is expected to cost $248 million. This will entail a five-well unmanned platform in 260 ft of water, tied back to shore by a 50-mile multiphase pipeline to a gas processing plant to be built 20 km west of Port Said.
Amoco, which estimates Ha'py reserves at 2 tcf, and partners have drilled 37 successful exploration and appraisal wells in the Nile Delta, and are looking to develop a liquefied natural gas export scheme (OGJ, Feb. 24, 1997, p. 37).
BG and partners will develop Rosetta discovery to deliver gas to Egypt's grid east of Alexandria, although a development scheme has not been chosen.
Development will be undertaken by joint venture company Rashid Petroleum Co., involving BG, EGPC, and Rosetta concession partners Royal Dutch/Shell Group and Edison International.
Copyright 1997 Oil & Gas Journal. All Rights Reserved.
