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Business Today
Business >> E&P >> Gas and Power >> Oil
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EXPLORATION AND PRODUCTION
Oil and Gas: Road to the Future
Since the 1970s, Shell has invested considerably in oil and gas exploration in Egypt. In recent years, the company has increasingly targeted gas exploration, in line with Egypt’s drive to develop its vast gas resources. A key success was the discovery of vast gas reserves in the Obaiyed field, in the Western desert: Obaiyed, which started production in 1999, is the largest gas project in Egypt, at a cost of around US$ 600 million.
Today, Shell operates a daily production of approximately 16,000 barrels of oil and some 320 million standard cubic feet of natural gas from the Badr El Din concession. Approximately 23,000 barrels of condensate and some 285 million standard cubic feet (MMSCF/D) of natural gas are derived from Obaiyed. The Rosetta field, in which Shell holds a 40% equity stake, came on stream in January 2001, producing around 305 MMSCF/D of natural gas per day currently (Jan,2002).
Shell In Deep Water
Northeast Mediterranean Deepwater Concession
Shell won the Northeast Mediterranean Deepwater Concession in 1998, despite fierce international competition. This unusually large concession is located to the North of the Nile Delta, at water depths of between 800 and 2800 meters. Shell has committed $150 million to a preliminary five-year exploration period, involving the drilling of five exploration wells. Two of these exploration wells were completed in 2000/2001, using the world’s largest dynamically positioned dual activity drill ship, “The West Navion”.
Shell Egypt started a three-well drilling campaign in the same concessions in October 2003 and will announce results as soon as the drilling campaign has been
completed.
Concessions
Asset Name: North East Mediteranian Deep
Ownership: SENV 82% - Petronas 18% (Previously SENV 75% - Exxon Mobil 25%)
Size: 41,589 km2
Location: North East Mediterranean Deep Water
Dates: Concession Agreement signed 16-3-1999; started 3D seismic survey
Operator: SENV
Asset Name: Matruh on/offshore Concession
Ownership: SENV 80%; Energy Africa 20%
Size: 11, 754 km2
Location: To the North Obaiyed Concession
Dates: The Matruh on/offshore exploration license was granted to SENV on 25-5-1997. Energy Africa farmed-in on 11-3-1999 (20% share)
Operator: SENV
Asset Name: North East Abu Gharadig
Ownership: SENV 52%, Apache 48%
Size: 9,493 km2
Location: East and West of Bed 1/2/3
Dates: Awarded to Shell on 7-4-1996
Operator: Bapetco (JV of Shell)
Asset Name: Rosetta Development lease
Ownership: BG 40%; EDISON 20%; SENV 20.4%; SAAG 19.6%
Size: 113 km2
Location: North of Rashid city
Dates: Awarded to the consortium in the 1993 bid and signed on 20-5-1995
Operator: Rashpetco
Asset Name: Badr El Din
Ownership: 67% Shell Egypt N. V.; 33% SAAG
Size: 535 Km2 area
Location: Abu Gharadig
Dates: The Badr El Din concession was granted to Shell Winning N V in 1980.
Operator: Badr Petroleum Company (Bapetco)
Asset Name: Obaiyed
Ownership: 51% Shell Egypt N.V., 49% Shell Austria A.G.
Location : In the Egyptian Western Desert approximately 300 km west of Alexandria and 60 km from the Mediterranean coast.
Size: Total km2 (development blocks 1163 km2,). “check with Helmot Drust in Bapetco on this acreage update”
Dates: Exploration license in January 1989; Production started in December 1999.
Operator: Badr Petroleum Comp
Asset Name: NorthWest DEMIATTA
Ownership: SENV 80%, Gas De France 20%
Location: Offshore ND, NW of Demiatta city.
Size: 901 km2
Dates: The NW Demiatta block was awarded to Shell Egypt (Operator 60%) and Edison (40%) in the 1997 bid round, and the exploration license agreement was signed on 28/04/1998.
Operator: SENV
Asset Name: SITRA DEVELOPMENT LEASE
Ownership: SENV 67%, SAAG 33%
Location: South Dahab
Size: 322 km2
Dates: The Sitra Development Lease was awarded to Shell Winning in 12/1985
Operator: Bapetco
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