TechnipFMC wins contract to develop NEA/NI concession offshore Egypt

18 February 2021 (Last Updated February 18th, 2021 12:32)

Offshore services provider TechnipFMC has secured an integrated engineering procurement construction and installation (iEPCI) contract from AbuQir Petroleum for a subsea tieback located offshore Egypt.

TechnipFMC wins contract to develop NEA/NI concession offshore Egypt
Officials from TechnipFMC, AbuQir Petroleum, and Energean. Credit: Energean.

Offshore services provider TechnipFMC has secured an integrated engineering procurement construction and installation (iEPCI) contract from AbuQir Petroleum for a subsea tieback located offshore Egypt.

AbuQir Petroleum is a joint venture (JV) between Energean and the Egyptian General Petroleum Corporation (EGPC).

Under the contract, TechnipFMC will be responsible for the development of four subsea wells and the subsea tie-back to the existing AbuQir Petroleum infrastructure and processing plant.

The four development wells are planned to be drilled in a water depth between 60m and 90m.

Of the four wells, three are located in North El Amriya (NEA) concession, which is operated by Petroamriya JV, and one in the North Idku (NI) is operated by Nipetco JV.

NIpetco and PetroAmriya are two JVs between Energean and Egyptian Natural Gas Holding Company (EGAS) and EGPC.

The NEA/NI concession subsea tieback project involves the development of satellite gas fields in the NEA and NI concessions located near Abu Qir gas fields in the Mediterranean Sea, offshore Western Nile Delta.

The NEA concession involves two discovered and appraised gas fields, including Yazzi and Python, whereas the NI concession comprises four discovered gas fields, including one of which is readied for development.

The integrated NEA/NI concessions are planned to commence production in the second half of next year.

Energean Egypt country manager Nicolas Katcharov said: “The project initiates a significant development with an innovative integrated approach, providing substantial benefits to the long-term production profile in the country whilst bringing additional cost efficiencies and strategic benefits.

“It is also opening a new perspective for the near-field exploration in the Egypt Nile Delta offshore.”

Energean made the final investment decision on the NEA/NI concession subsea tieback project last month.