BP Discovers Gas Offshore Egypt

BP Egypt on Monday  announced the Salmon gas discovery in the North El Burg Offshore Concession, Nile Delta. Salmon is the third gas discovery BP has made in the concession following Satis-1 and Satis-3 Oligocene deep gas discoveries.

Salmon, drilled by IEOC, the affiliate of ENI in Egypt, on behalf of concession operator BP, is located 50 kilometers to the north of Damietta. The wireline logs and pressure readings confirmed the presence of gas in two shallow Pleistocene intervals. The well was drilled by Scarabeo IV rig in water depths of 87m and reached a total depth of 1600m. Further appraisal work to evaluate the resources is underway.

Hesham Mekawi, President and General Manager of BP Egypt stated “The success of Salmon highlights the great potential of the shallow reservoirs within the Nile Delta, and helps unlock additional resources in surrounding acreage. It demonstrates the ongoing cooperation with the Ministry of Petroleum to deliver new gas discoveries and incremental supply to meet the future growth of the gas business in Egypt.”

The parties to the North El Burg Offshore Concession agreement are: BP (operator 50%) and IEOC (50%).

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Source: BP, October 26, 2011