bp starts production at second phase of Egypt's Raven field
bp, the operator, holds an 82.75% stake in the project, while Harbour Energy owns the remaining 17.25%.
The new wells are expected to produce approximately 220 billion cubic feet of gas and 7 million barrels of condensate. The project was safely executed ahead of schedule, allowing for an accelerated start of production.
Nader Zaki, bp Regional President for the Middle East and North Africa, commented: 'Since January 2024, we have not stopped drilling for one day. The focus of the Raven Infills project has been to fight natural decline and increase production while maximizing our existing infrastructure to meet Egypt's domestic market demand at pace. This further demonstrates bp's commitment to investing in Egypt, enabled by the unparalleled support and partnership with the Ministry of Petroleum, EGPC, and EGAS.'
Zaki,added: "The focus of the Raven Infills project has been to fight natural decline and increase production while maximizing our existing infrastructure to meet Egypt's domestic market demand at pace."
Wail Shaheen, VP bp Egypt, added: 'The safe start-up of this project follows our recent announcement of the successful completion of the El King exploration well. This series of achievements embodies our ongoing commitment to helping meet the increasing local energy demand by optimizing production from available resources while adding new ones.'
The WND Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.
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