Energean has confirmed that first gas has been safely delivered at North El Amriya and North Idku ('NEA/NI'), offshore Egypt.
Highlights:
- Gas is being produced from the NEA#6 well.
- The remaining three wells are expected to be brought online over the course of 2023
The NEA/NI development, located in shallow water, offshore Egypt, contains an estimated 39 mmboe[1] of 2P reserves (88% gas) with net working interest production expected to peak at 15 - 20 kboed (88% gas) in 2024. The development leverages existing infrastructure and involves the subsea tieback of four wells to Energean's North Abu Qir PIII platform. Energean sanctioned the project in January 2021, representing a development period from final investment decision to first gas of 2 years and 2 months.
[1] Including 10 mmboe that is located in the Abu Qir licence, but will be developed through the NEA/NI development
Mathios Rigas, Chief Executive Officer of Energean, commented:
'Our successful development of first gas at NEA/NI is a good example of our commitment to Egypt and longstanding partnership with the Egyptian Ministry of Petroleum, EGPC and EGAS, creating value for all stakeholders. We are delighted to bring on new production into our East Mediterranean gas-focused portfolio, as well as meeting the needs of Egypt and Egyptians through underwriting energy security with reliable supply that has a lower carbon footprint than alternative sources of domestic energy.'
Background
The NEA and NI concessions are both 100% owned by Energean and whilst operated through separate 50/50 JV companies they both fall under the overall management of Abu Qir Petroleum.
NEA contains two discovered and appraised gas fields (Yazzi and Python). NI – which is split into northern 21 and southern areas – contains four discovered gas fields, one of which is readied for development. Both areas contain additional mapped but undrilled prospects.
These fields will be developed as satellite fields to the Abu Qir gas-condensate offshore and onshore infrastructure. The combined development concept includes three subsea wells, to be drilled in water depths ranging from 30 to 85 metres, and tied back to the North Abu Qir III platform. A fourth well will be required to develop the NI-1 discovery. The infrastructure will be installed alongside the NEA development to allow the NI-1 well to be hooked up either in parallel with NEA or afterwards.
Source: Energean
