Eni, BP, Total confirm gas discovery in North El Hammad concession

Eni, BP, Total confirm gas discovery in North El Hammad concession: Eni, BP (pdf) and Total confirmed yesterday a gas discovery at the Bashrush well in the North El Hammad concession. Production tests yielded flow rates of up to 32 mn scf/d, which are expected to increase to 100 mn scf/d per well in the future along with a 800 barrels of condensate per day, the company said. Eni first announced the discovery earlier this month prior to testing the well for production. An official at the Egyptian state gas company EGAS claimed that reserves at the well could be as much as 250 bn cubic feet. Neither Total, Eni or BP have provided reserve estimates. Operator Eni and BP both hold 37.5% stakes in the concession while Total has a 25% stake.