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BP starts production at Qattameya gas field in Egypt's East Nile Delta - S&P Global

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Highlights

Field expected to produce 50 MMcf/d of gas

It's part of North Damietta concession

Field discovered in 2017

Dubai — BP, which pumps around 60% of Egypt's gas output with partners, has started natural gas production from the Qattameya field in the North Damietta offshore concession in the eastern part of the Nile River Delta.

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The field is expected to produce up to 50 MMcf/d, BP said Oct. 26 in a statement, without providing a timeframe. BP is working on the field through its joint venture, Pharaonic Petroleum Co., with state-owned Egyptian Natural Gas Holding Co. The Qattameya discovery was announced in 2017 and is part of BP's 100% interest in the North Damietta offshore concession in the East Nile Delta. Gas produced from the field is directed to Egypt's national grid.

BP produces Egypt's gas through Pharaonic Petroleum, and Petrobel in the East Nile Delta as well as through BP's operated West Nile Delta fields, according to its website.

BP was supposed to deliver 900,000 boe/d of gas production by 2021 from its Egypt investments, former group CEO Bob Dudley said in a Feb. 11, 2019, statement.

Offshore stakes

The company has a number of stakes in big gas projects, including a 25% participating interest in the offshore Nour North Sinai concession area offshore and a 10% stake in the Shorouk concession which contains the giant Zohr gas field in the Mediterranean Sea. Both stakes were acquired from Italy's Eni, which discovered the Zohr field.

IEni said Sept. 16 that it made a new gas discovery in shallow waters offshore Egypt in the Great Nooros area, in which BP is a partner, bringing total estimated gas in place there to more than 4 Tcf. Eni has a 75% stake in the license, with the rest held by BP.

The development of the 30 Tcf deepwater Zohr field, which was discovered in 2015, helped bring Egypt back to self-sufficiency in gas. Longer term, with Mediterranean countries taking growing quantities of LNG, it is expected Egypt could gain significant market influence, analysts have said.

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