BP Egypt announces Seth first gas

6/29/2012

BP Egypt announces Seth first gas

HOUSTON -- On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule.

Seth field is located 60km offshore in the Ras El Bar concession in the East Nile Delta Mediterranean, close to existing producing Ha'py and Denise fields. Seth is being developed with a 6 well slot, normally unmanned platform with gas being exported via the Denise (Pliocene) pipeline to El Gamil gas terminal near Port Said. The first two wells accessing the western part of the Seth reservoir are expected to reach 170 mmscfd and develop about 240 bcf of gas.

"Seth is yet another example of BP’s 50 years of commitment to Egypt and longstanding partnership with the Egyptian Ministry of Petroleum, EGPC, and EGAS. We look forward to continuing to play a key role in the development of Egypt’s energy sector in order to help meet Egypt's growing energy demands for years to come," said Hesham Mekawi, Regional President, BP Egypt.

“The success of the Seth project has led us to accelerate its Phase 2 development to access gas in the eastern part of the field through an additional two platform wells, which are planned to be on production by the end of 2012, increasing Seth offtake to in excess of 250 mmscfd,” added Mekawi.

 

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