UK firm and partners to deliver North Shadwan oil in June

15 February 2010

Three companies to produce up to 3,000 barrels a day from offshore fields

The joint venture firms developing the North Shadwan offshore concession in Egypt should start the first commercial deliveries of oil in June, according to a statement from Beach Energy, one of the partners.

Initial production from the NS377-5 development well is expected to be 1,500 to 2,000 barrels a day (b/d), says Hector Gordon, chief executive officer of Beach Energy in the statement.

The well has reached a depth of 2,909 metres, after intersecting a gross oil column of 107 metres.

Full production at the field is expected to start in the third quarter of 2010 at an initial rate in excess of 3,000 b/d, according to Beach.

The crude oil will be exported through a 7 kilometre pipeline to processing facilities at Ras Ghara on the east coast of the Gulf of Suez.

NS377-5 is the second development well on the oilfield, following drilling of the NS 377-3 well.

The North Shadwan concession comprises offshore Blocks 377 and 385. Beach estimates the two oilfields contain 11 million barrels of gross recoverable reserves.

The North Shadwan Blocks are located 2 to 4 kilometres from the eastern shore of the Gulf of Suez, in depths of 20-40 metres.

BP operates the field with a 50 per cent stake, Beach Energy holds 20 per cent and Egypt’s TriOcean Energy holds 30 per cent.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications