Project Profile
Value: US$3.8 billion
Location: North Damietta offshore concession, East Nile Delta, Egypt
Reserves: 42.5 bcm of gas and 31 million barrels of condensates (Atoll)
Production potential:1.5 trillion cubic feet (tcf) of gas and 31 million barrels (mmbbl) of condensates
Water Depth: 649 metres
Discovery year: March 2015 (Atoll), 2013 (Salamat)
Start-up year: 2018
North Damietta Concession is a prolific concession in Egypt containing a number of discoveries. BP made a gas discovery in Egypt’s East Nile Delta. The company confirmed the Salamat discovery offshore in the East Nile Delta. One of the deepest exploration wells ever drilled in the country, the Salamat well reached nearly seven kilometres, in a water depth of 649 metres. It is the first well to be drilled in the North Damietta offshore concession, granted to BP and partners in early 2010. BP has all of the equity in the Salamat discovery. Oligocene reservoirs, a geological period dating back some 30 million years, targeted by the Salamat well are much deeper than the typical producing Pliocene and Miocene reservoirs in the Nile Delta.
In March 2015, the company drilled the \'Atoll-1\' deepwater exploration well which reached 6,400 metres depth and penetrated approximately 50 metres of gas pay in high quality Oligocene sandstones. The \'Atoll-1\' deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig \'Maersk Discoverer. Expected to be the deepest well ever drilled in Egypt, the Atoll well still has another 1 kilometre to drill to test the same reservoir section found to be gas bearing in BP\'s significant 2013 Salamat discovery, 15 kilometres to the south. This is the second significant discovery in the licence after Salamat. The estimated potential in the concession exceeds 5 trillion cubic feet (tcf). Atoll-1 was drilled in 923m water depth around 80km north of Damietta city, 15km north of Salamat and only 45 km to the north west of Temsah offshore facilities. BP has 100% equity in the discovery.
Operators:
BP: Operator with 100% interest
Pharonic Petroleum Co. (PhPC) - a joint venture formed by BP
Contractors:
Subsea 7: Has secured a substantial contract, in the Atoll field offshore Egypt, by Pharaonic Petroleum Company (British Petroleum and EGAS joint venture. The contract scope includes the engineering, procurement, construction and installation of more than 40km of rigid pipelines and associated structures for the new Atoll field, tying into the existing Taurt field at a water depth of 100m. A 105km umbilical will also be installed linking the Atoll field to shore.