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Tuesday, 24 November 2009 05:30 UAE time

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BP strike black gold at Saqqara Field

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 28 May 2008
The Saqqara Field is being developed by BP Egypt and Gulf of Suez Petroleum Company.

BP Egypt, on behalf of its joint venture partners in the Gulf of Suez Petroleum Company (GUPCO), announced in May that oil production from the Saqqara field has started.

The Saqqara field is located 12.5 kilometres offshore in the central Gulf of Suez. First oil was achieved on 15th May and following commissioning, the field has now ramped up to more than 30,000 barrels a day. Gas production is expected shortly.

"Saqqara is another major project delivered successfully. It will contribute to BP's production profile for the next decade and beyond. Egypt is an important growth area with further potential," said Andy Inglis, BP's Chief Executive of Exploration & Production.

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BP has been operating in Egypt for over 40 years, primarily in oil and gas exploration and production. During that period, BP Egypt has produced almost 40% of Egypt's entire oil production and close to 30% of gas demand together with local partners.

The Saqqara project is an offshore development with a jacket and unmanned topsides, four wells, and a 13 kilometre pipeline to new dedicated onshore separation and gas processing plant at Ras Shukeir, Gulf of Suez.

"Saqqara is a technically complex development and its successful delivery represents a new milestone in maximising recovery of oil and gas from the Gulf of Suez," said Hesham Mekawi, president of BP Egypt. "First oil was achieved through hard work and dedication of the Project, Contractor and Operations teams that worked on Saqqara over the last 4 years," he added.

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