BP today announced first gas from the Atoll Phase One project off Egypt.
The project in the East Nile Delta was delivered seven months ahead of schedule and 33% below the initial cost estimate.
Atoll is pumping out 350million cubic feet of gas a day (mmscfd) and 10,000 barrels a day (bpd) of condensate.
Thirteen projects started-up by BP in the last two years provided more than 500,000 barrels of oil equivalent a day (boed).
Total net production from BP’s new projects is now expected to be 900,000 boed by 2021.
Bob Dudley, BP group chief executive, said: “BP is focused on delivering growth with discipline, carefully choosing and efficiently executing high-quality projects. The longstanding partnerships we have in Egypt allowed us to fast-track Atoll’s development and deliver first gas only 33 months after discovery.
“This is a further demonstration of our commitment to help realise Egypt’s oil and gas potential and meet the increasing demand from its growing population.”
BP announced the Atoll discovery in March 2015.
The main reservoir in the field contains an estimated 1.5 trillion cubic feet (tcf) of gas and 31 million barrels of condensates and further segments are under evaluation.
The Atoll Phase One project is an early production scheme involving almost $1 billion investment.
The project involved recompletion of the original exploration well as a producing well and the drilling of two additional production wells, completed August 2015 to February 2017.
Production is exported to the existing onshore West Harbor gas processing plant.
Installation of the necessary subsea infrastructure and upgrading of onshore facilities was completed ahead of schedule.
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