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Al-Ahram Weekly
06-03-2025
- Business
- Al-Ahram Weekly
British Petroleum completes drilling Fayoum-5 gas well in North Alexandria Offshore Concession - Economy
Global energy giant British Petroleum (BP) announced Thursday that it has completed drilling operations at the Fayoum-5 gas discovery well in the North Alexandria Offshore Concession. A company statement indicated that this marks the conclusion of BP's four-slot drilling campaign in the West Nile Delta (WND) region. The drilling of the Fayoum-5 well started on 14 February this year using the Valaris DS-12 rig. During the drilling process, the well encountered four prospective Messinian gas reservoirs with a total sand thickness of 50 metres at a measured depth of approximately 2,860 metres. BP plans to tie back this discovery to the existing onshore Giza/Fayoum infrastructure as part of the broader West Nile Delta project. This discovery follows BP's recent success at the King-2 well in the North King Mariout Offshore Concession, marking the company's second consecutive gas discovery in recent months. "Since January 2024, our offshore drilling operations have remained uninterrupted. This successful discovery of Fayoum-5, following the recent achievement of King-2 and the startup of the Raven second phase, further underscores BP's long-term commitment to timely investment in Egypt," Nader Zaki, BP's regional president for the Middle East and North Africa, expressed. "It also highlights the company's support for its growing domestic gas demand as a strategic partner in the country's energy sector," he added. Meanwhile, Wail Shaheen, vice president of BP Egypt, emphasized the company's focus on maximizing production from existing resources while exploring new opportunities. "The success of this latest exploration — our second following King-2 — highlights the strategic advantage of its proximity to existing infrastructure in the West Nile Delta, enabling a fast tie-back and accelerated production," Shaheen stated. The WND Gas Development encompasses a series of gas condensate fields located offshore Egypt within the North Alexandria and West Mediterranean Deepwater concessions. The Raven field, the final phase of the WND project, has been in production since early 2021. Its initial phase involved the development of eight subsea wells situated up to 65 km offshore in water depths ranging from 550 to 700 metres. BP is the project operator, holding an 82.75 percent stake, while Harbour Energy owns the remaining 17.25 percent. Egypt's gas production fell to an eight-year low in 2024, reaching 4.87 billion cf/d, according to a report by the Middle East Economic Survey (MEES). The output of the offshore Mediterranean fields, where the Zohr and other smaller fields are located, dipped by 18 percent through the year to reach 3.54 billion cf/d, its lowest in six years. Follow us on: Facebook Instagram Whatsapp Short link:
Asharq Al-Awsat
17-02-2025
- Business
- Asharq Al-Awsat
BP Starts Production at Second Phase of Egypt's Raven Field
British energy giant, BP, announced on Sunday the start of production from the second development phase of the Raven field, offshore Egypt, which involves the subsea tieback of additional Raven infill wells to its existing onshore infrastructure as part of the West Nile Delta (WND) project. 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 company said in a statement. 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, said: 'This further demonstrates BP's commitment to investing in Egypt.' Wail Shaheen, VP BP Egypt, said: '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 West Nile Delta Gas Development comprises a series of gas condensate fields located offshore Egypt, within the North Alexandria and West Mediterranean Deepwater concessions.
