[에너지신문] 10 November 2015 -BP has signed a Heads of Agreement (HoA) with the Egyptian Minister of Petroleum to accelerate the development of the March 2015 Atoll gas discovery (BP 100%) in the North Damietta Offshore Concession in the East Nile Delta, offshore Egypt. The field is estimated to hold 42.5 bcm (1.5 tcf) of gas resources and 31 mbl of condensates and production is expected to start in 2018. Development of Atoll will be executed and operated by Pharaonic Petroleum Co. (PhPC), BP’s joint venture with EGAS and Eni.

BP expects to sustain its current oil production and double its gas production in Egypt by 2020, representing more than 50% of Egypt’s current gas production.

http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/bp-agrees-egypt-speed-development-atoll-gas-field_34885.html

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