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Atoll Phase 1 development project, Egypt

29th July 2016

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Atoll Phase 1 development project, Egypt.

Client
BP and Egyptian Natural Gas Holding Company (EGAS).

Project Description
Atoll Phase 1 is an early production scheme (EPS) involving the recompletion of the existing exploration well as a producing well, the drilling of two additional wells and the installation of the necessary tie-ins and facilities required to produce from the field.

The Atoll field contains an estimated 1.5-trillion cubic feet of gas and 31-million barrels of condensates.

The project will bring 300-million cubic feet a day gross of gas to the Egyptian domestic gas market.

The Atoll wells will be drilled by the DS-6 rig, which arrived in Egypt in May. Onshore processing will be handled by the existing West Harbour gas-processing facilities.
Success of the Atoll Phase 1 EPS could lead to further investment in the Atoll Phase 2 full field development.

Value
Not stated.

Duration
Drilling is expected to start in August this year for about 24 months, with production expected to start from 2018.

Latest Developments
BP and the Egyptian Natural Gas Holding Company approved the development of the Atoll Phase 1 project in June.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
BP Egypt office, tel +202 2519 9915.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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