FILE PHOTO: An Israeli gas platform, controlled by a U.S.-Israeli energy group, is seen in the Mediterranean sea, some 15 miles (24 km) west of Israel's port city of Ashdod, in this file picture taken February 25, 2013. Prime Minister Benjamin Netanyahu has won more time to overcome a political hurdle after parliament postponed a vote on authorising the government to secure a deal on developing Israel's natural gas fields. Picture taken February 25, 2013. REUTERS/Amir Cohen/Files/File Photo

The Egyptian Natural Gas Holding Company (Egas) inked a final investment decision (FID) with Arcius Energy to develop the Harmattan gas field in the Mediterranean, according to a statement from the Oil Ministry.

The USD 500 mn project is expected to go online in 2028 and will produce around 150 mn cf/d of gas and 3.3k barrels of condensates per day, with plans to ramp production to 200 mn cf/d and 4.4k barrels of condensates. Enppi was appointed as the general contractor for the project.

REMEMBER- Arcius Energy — a JV between BP and Adnoc’s investment arm XRG — first acquired the field from Shell and BP in November under a concession transfer agreement with Egas that grants it full rights to the El Burg offshore block. The company said it is planning to drill up to three wells, install a fixed offshore platform, and build a 50 km pipeline to onshore processing facilities near Port Said.

EBRD provides USD 20 mn loan to Futurefert

The European Bank for Reconstruction and Development is lending USD 20 mn to local fertilizer producer Futurefert to help fund the construction and operations of three plants in the SCZone, the lender said in a statement. The USD 45.7 mn project includes the establishment of a sulphuric acid plant, a potassium sulphate plant, and a single superphosphate plant, which are set to export to European and African markets.

First Egyptian killed in regional war

Egyptian engineer Hossam Sadek Khalifa was killed at Abu Dhabi’s Habshan gas plant after debris from intercepted Iranian missiles sparked fires, while two other Egyptians were injured, the Oil Ministry said in a statement, expressing condolences to his family. Khalifa was the assistant general manager for quality at Petrojet’s UAE branch and conducted his work with “sincerity, dedication and commitment,” the ministry said.

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