EGYPT - Burullus Gas Co.
In April 1998, BG and its partners signed a 25-year franchise accord with EGPC to market gas in Upper Egypt through the new Nile Valley Gas Co., a JV of BG (37.5%), Edison (37.5%), the private Egyptian firm Orascom (20%) and Middle East Gas Association (5%).
The North Sinai Offshore block, held by BG (operator) and BP Amoco, is yet another gas-rich area at the eastern end of the Delta zone. BG's first find there, Je80-1, in mid-1997 tested over 25 MCF/day of "very high quality gas" with less than 0.5% impurities, in 14 metres of water about 90 km from Port Said. This was in more than 188 ft of net gas zone in sandstones at a depth of less than 5,000 ft. BG later made other discoveries there and began exploring for gas off Israel and off Gaza, with prospects targeted being of the same Fms as those of the Nile Delta and Med. BG, producing oil in the GOS (see OMT), has a block in the north of the Red Sea acquired in 1996 in partnership with Lasmo and Edison.
The Western Desert is a gas-prone region, with proven remaining reserves at 7.2 TCF accounting for 18.1% of Egypt's total. The main WD gas operators are Shell (Bapetco), Repsol (Khalda Petroleum Co) and BP Amoco (GUPCO).
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|Publication:||APS Review Gas Market Trends|
|Article Type:||Brief Article|
|Date:||Jan 10, 2000|
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