Home News Africa Final investment decision made for (NEA/NI) subsea tieback project, Egypt

Final investment decision made for (NEA/NI) subsea tieback project, Egypt

Energean plc, an international exploration, and production company with a focus on gas, has taken a final investment decision (FID) on the North El Amriya and North Idku (NEA/NI) subsea tieback project in Egypt.

The North El Amriya (NEA) concessions have two discovered and appraised gas fields (Yazzi and Python) while the North Idku (NI) concession has four discovered gas fields, one of which is being prepared for development.

Development of the gas fields

Energean plans to develop the Yazzi and Python gas fields as satellite fields to the offshore and onshore infrastructure of the Abu Qir gas-condensate concession.

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The development concept includes drilling of three subsea wells in water depths in the range of 30-85m, which will be tied back to the North Abu Qir III platform. The UK-based exploration and Production Company will drill a fourth well to develop the NI-1 discovery in the North Idku concession. It plans to install the infrastructure alongside the North El Amriya development to enable the NI-1 well to be hooked up either correspondingly with it or afterward.

According to Energean plc, the NEA/NI project has 2P reserves of 49 million barrels of oil equivalent (boe), of which 87% is gas. Peak production from the offshore project is expected to be nearly 90mmscf/d of gas and 1kbopd of condensates.

The first gas is anticipated to be produced in the second half of next year.

Benefits of the NEA/NI project to the North African country

In a statement, Energean stated that “the NEA/NI project is a key one for the Egyptian portfolio which will provide substantial benefits to the long-term production profile in the North African country, whilst bringing additional cost efficiencies and strategic benefits.

The company has engaged TechnipFMC for engineering, procurement, installation, and construction services for the NEA/NI project.

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