BP Gets First Gas from Egypt's Seth Gas Field

British Pteroleum has said that first gas from the $334 million Seth field in Egypt commenced on June 23, approximately 18 months from project sanction, which is 15 weeks ahead of schedule.

Seth field is located 60km offshore in the Ras El Bar concession in the East Nile Delta Mediterranean, close to existing producing Ha'py and Denise fields. Seth is being developed with a 6 well slot, normally unmanned platform with gas being exported via the Denise (Pliocene) pipeline to El Gamil gas terminal near Port Said. The first two wells accessing the western part of the Seth reservoir are expected to reach 170 mmscfd and develop about 240 bcf of gas. 

BP has been in Egypt oil and gas sector for nearly 50 years with investments exceeding $17 billion, making BP one of the largest foreign investors in the country.

The company said that with the success of the Seth project it plans to accelerate Phase 2 development to access gas in the eastern part of the field through an additional two platform wells, which are planned to be on production by the end of 2012, increasing Seth offtake to in excess of 250 mmscfd.