Energean’s NEA/NI offshore gas project in Egypt now online

Oil and gas company Energean said Thursday that the first gas had been delivered at North El Amriya and North Idku ("NEA/NI"), in the Mediterranean Sea, offshore Egypt. 

Energean sanctioned the project in January 2021, representing a development period from the final investment decision to the first gas of two years and two months. 

Gas is being produced from the NEA#6 well, with the remaining three wells expected to be brought online during 2023.

The NEA/NI development, located in shallow water, offshore Egypt, contains an estimated 39 mmboe of 2P reserves (88% gas) with net working interest production expected to peak at 15 - 20 kboed (88% gas) in 2024. The 2P reserves figure includes 10 mmboe located in the Abu Qir licence to be developed through the NEA/NI development

The development uses existing infrastructure and involves the subsea tieback of four wells to Energean's North Abu Qir PIII platform.