Project Profile
Location: North Shadwan Concession offshore Egypt in the Gulf of Suez
Water Depth: 40 m
Start-up Year: 13th March 2012
In 1911 first exploration wells drilled in the North Shadwan area had oil shows in the Miocene.
In 2005 BP acquire Ocean-Bottom Cable 3D seismic survey. The NS377 field is located in the North Shadwan Concession offshore Egypt in the Gulf of Suez in 40 metres of water.
The NS377 field commenced production on March 13, 2012. The oil from the NS377 oil field will be treated at the Ras Ghara plant before being piped to the main Petreco Oil Center and marine terminal. By 1Q 2013, it is anticipated that production from NS385 will be added to NS377 production, resulting in North Shadwan producing up to 5,000 bopd.
Operators:
BP: Operator with 50% interest
Beach Energy: 20% interest
TriOcean Energy: 30% interest