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EGYPT - Burullus Gas Co.

Formed in 1999, is a JV of EGPC, BG (operator) and Edison to develop 10 West Delta Deep Marine (WDDM) discoveries made by BG since late 1997, with proven reserves est. at 8 TCF. WDDM's three giants, the 4 TCF Simian and 4 TCF Scarab/Saffron, which will begin producing 530 MCF/d by early 2003. BG and its partners already have a government approval for a JV to export LNG from 2003. BG calls WDDM as the "jewel in the crown" of its Egypt exploration portfolio, with BG having found over 11 TCF of gas in this country in 12 out of 13 wells it has drilled so far. (BP Amoco and Elf have the adjacent West Mediterranean Deep Marine block, for which BP Amoco in mid-1999 began a $310m exploration plan. BP Amoco has an adjacent East Delta Deep Marine which it is exploring. BP Amoco also has projects to export gas by pipeline and in LNG form. For its part, Shell has the nearby North Mediterranean Deep Marine, where in 1999 it began a $210m first exploration programme and said the block would be a major source for another project to export gas by pipeline or in LNG form.

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
Geographic Code:7EGYP
Date:Jan 10, 2000
Words:428
Previous Article:EGYPT - Rosetta - Rasheed Petroleum (Rashpetco).
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