Printer Friendly

EGYPT - Rosetta - Rasheed Petroleum (Rashpetco).

Formed in 1997 to develop and market natural gas from the offshore Rosetta block, Rashpetco is a JV of EGPC (50%), British Gas (operator with 20%), Shell Egypt (10.2%), Shell Austria (9.8%) and Edison Int'l (10%). Edison is a US unit of Italy's Montedison chemical group. Rosetta block, north of the Delta town of Rasheed, lies between Abu Qir to the west and Baltim to the east and has a giant gas field found in April 1997 with important extensions found subsequently and total proven reserves now are 2 TCF. The first find was in 200 ft of water 48 km N-E of Alexandria in three net gas zones of over 460 ft of sandstone at about 6,000 ft and tested 60 MCF/d. The second, Rosetta 5, in Nov. 1997 tested 90 MCF/d which was the highest rate in any gas discovery made in Egypt. Also in Nov. 1997 Rosetta 6 tested 40 MCF/d. These and subsequent finds in Rosetta went on stream in late 1999. BG now says the Rosetta gas is of very high quality with less than 0.5% impurities. In Nov. 1997 Rashpetco signed with EGPC a 20-year take-or-pay contract whereby EGPC was committed to buy 250 MCF/d of Rosetta gas from January 2000.
COPYRIGHT 2000 Input Solutions
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Comment:EGYPT - Rosetta - Rasheed Petroleum (Rashpetco).
Publication:APS Review Gas Market Trends
Article Type:Brief Article
Geographic Code:7EGYP
Date:Jan 10, 2000
Words:215
Previous Article:EGYPT - Abu Qir/Naf Fields.
Next Article:EGYPT - Burullus Gas Co.
Topics:


Related Articles
EGYPT - The Geology.
EGYPT - Rosetta - Rasheed Petroleum (Rashpetco).
Part 1 - Egypt.
EGYPT - Rosetta - Rasheed Petroleum (Rashpetco).
BG Raises Rosetta Stake.
Egypt Boosts French Gas Major's Role In Brand LNG Trade; 3rd Train Go Ahead.
EGYPT - The Energy Base.
EGYPT - New Geological Concepts For Gas.
EGYPT - The Non-Associated Gas Fields - Nile Delta & Mediterranean.
Egypt - Rosetta Development.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |