BP FROM EGYPT
BP Egypt announced Thursday first gas from the DEKA project offshore Egypt with the start of production from the Denise South-6 well at an initial rate of 50 million cubic feet per day.
The DEKA project is centred on the Denise and Karawan gas fields in Temsah Concession in the East Nile Delta and will supply the country's domestic market.
Hesham Mekawi, BP North Africa Regional President, said: "The DEKA project is another example of BP's commitment to Egypt and longstanding Egyptian partnerships. We look forward to continuing to play a key role in the development of Egypt's energy sector and maximising the use of our existing resources to help meet the country's growing energy demands for years to come."
The DEKA project is a group of gas discoveries being developed through 5 subsea wells including the Plio-1 C well in the Temsah concession, the installation of subsea production systems together with sealines and gas processing at the onshore El Gamil Gas Plant onshore. It uses existing infrastructure from the Seth field (BP 50% interest), the Temsah pliocene export pipeline and El Gamil gas terminal infrastructure. DEKA is expected to deliver 230 mmscf/d of gas at peak from early 2015 from the five wells including Plio-1 C.
The Denise South 6 well is approximately 65 kilometres north of Port Said, in 100 metres of water.
BP and ENI each hold a 50% interest in the Temsah concession. DEKA is operated by the Petrobel joint venture.
|March, 16, 10:40:00|
|March, 16, 10:35:00|
|March, 16, 10:30:00|
|March, 16, 10:25:00|
|March, 16, 10:20:00|
|March, 16, 10:15:00|
BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.