News // Oil and gas worldwide
BP started producing gas from its Atoll Phase 1 project, offshore Egypt
12 February 2018 , 17:24Neftegaz.RU632
British Petroleum announced on February 12, 2018, that Atoll project was delivered 7 months ahead of schedule and 33 % below the initial cost estimate.
The project in the East Nile Delta is pumping out 350 million cubic feet of gas a day (mmscfd) and 10,000 barrels a day (bpd) of condensate.
«BP is focused on delivering growth with discipline, carefully choosing and efficiently executing high-quality projects. The longstanding partnerships we have in Egypt allowed us to fast-track Atoll’s development and deliver 1st gas only 33 months after discovery,» BP CEO Bob Dudley said.
«This is a further demonstration of our commitment to help realize Egypt’s oil & gas potential and meet the increasing demand from its growing population,» Dudley added.
In December 2017, a source at the Egyptian Natural Gas Holding Company (EGAS) said that the 1st phase of BP Atoll Phase 1 project has entered production to push Egypt’s natural gas production to 5.5 billion cubic feet of gas per day.
Atoll Phase 1 project is expected to bring up to 300 million cubic feet of gas a day to the domestic gas market by the 1st half of 2018, as announced in March 2015.
Atoll contains an estimated 1.5 trillion cubic feet of gas and 31 million barrels of condensates. BP holds 100 % interest in the concession.
13:00 18.02.2019Italian Eni increases oil & gas production in Kazakhstan
16:06 12.02.2019SIBUR to improve polybutadiene rubber production efficiency
13:00 11.02.2019Kazakhstan achieves biggest oil extraction in its history
14:09 08.02.2019Vietnam cracks open new oil field in South China Sea with Russia
12:08 08.02.2019LUKOIL increases gas production in Uzbekistan by 67%