Development at BP’s Atoll gas field 53% completed

BP has completed 53% of the development work being carried out at the North Damietta offshore concession’s USD 3.8 bn Atoll field, including drilling three deepwater wells 950 meters below the water’s surface, the Oil Ministry said in a statement yesterday. The field, which holds about 1.5 tcf of gas reserves, is expected to begin producing 300 mcf/d and 8k bbl/d of condensates by December 2017.