Project Profile
Value: US$125.26 million
Location: Ras Shukheir area, Egypt
Extraction capacity: 120,000 tonnes per annum of propane and butane
Start-up Year: October 2012
The Egyptian Bahrain Gas Derivatives Company (EBGDCo) NGL extraction plant region at Ras Shukheir in Egypt, the first of its kind in the Gulf of Suez region, commenced operations in October 2012 and has loaded its first propane cargo.
EBGDCo\'s first cargo shipment of propane signalled the scheduled plant production start-up on a commercial basis. The plant receives feed gas from the nearby Unit 104 plant of the Egyptian General Petroleum Corporation, or EGPC, at a rate of 55 million standard cubic feet per day (MMscfd) to 80MMscfd. When fully operational, the plant will extract 120,000 tonnes per annum of propane and butane from a gas stream of 150MMscfd. The feed gas rate is expected to increase gradually once gas is received from gas fields in and around the Ras Shukheir area.
The total cost of the project was US$125.26 million, which was partly funded through US$86.59 million in project finance and US$28.59 million in equity, with the remaining to be funded through internal revenue. The gas liquids extraction plant is a value-added project and is adjacent to EGPC \'s Unit 104 gas plant at Ras Shukheir. The gas processing and marketing of liquid propane and butane are the main activities of the project. The plant is expected to recover 100 per cent of the butane in feed gas form and 97% in propane form. The butane is sold in Egypt while the propane is destined for international markets. The residual gas will be supplied to the national gas grid. The project took over two years to complete.
The plant is extracting over 800,000 barrels of Propane and Butane per annum from feed gas of 150mmscf/d. EBGDCo employs approximately 50 people as EBGDCo\'s staff and around 50 as contractor\'s.
Operators:
Dana Gas: Operator with 40% interest
Egas: 40% interest
Arab Petroleum Investments Corporation: 20% interest
Updated by: TM.