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Tuesday, 21 June 2016

BP sanctions fast-tracking the development of Atoll

BP, together with EGAS, has sanctioned the development of the Atoll Phase One project, which is an early production scheme that will bring up to 300 mcf/d gross of natural gas to the Egyptian domestic market starting in the 1H2018, BP announced. “Our confidence in the prospectivity of the area along with our ongoing commitment to Egypt and our successful history of partnership with the Ministry of Petroleum, EGPC and EGAS is allowing us to fast track Atoll from discovery to production in less than three years which is a significant achievement,” Hesham Mekawi, Regional President, BP North Africa commented. “Atoll Phase One 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.” BP has a 100% interest in the Atoll concession.

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