{"id":657301,"date":"2024-12-18T00:00:00","date_gmt":"2024-12-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/18\/bp-and-shell-to-add-125-mn-cbf-of-daily-gas-production-in-2026-with-usd-370-mn-project\/"},"modified":"2024-12-18T00:00:00","modified_gmt":"2024-12-18T00:00:00","slug":"bp-and-shell-to-add-125-mn-cbf-of-daily-gas-production-in-2026-with-usd-370-mn-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/18\/bp-and-shell-to-add-125-mn-cbf-of-daily-gas-production-in-2026-with-usd-370-mn-project\/","title":{"rendered":"BP and Shell to add 125 mn cbf of daily gas production in 2026 with USD 370 mn project"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>BP and Shell are working to turn the tap on at their Harmattan field.<\/strong> The Egyptian Natural Gas Holding Company (EGAS) has signed an agreement with global energy giants BP and Shell to begin production from the offshore Harmattan gas field in the Mediterranean by 1Q 2026, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/64127\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D9%82-%D9%85%D8%B9-%D8%B4%D9%84-%D9%88bp-%D8%B9%D9%84%D9%89-%D8%A8%D8%AF%D8%A1-%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%AD%D9%82%D9%84-%D8%BA%D8%A7%D8%B2-%D8%A8%D8%AD%D8%B1%D9%8A-%D9%81%D9%8A-%D9%85%D8%B7%D9%84%D8%B9-2026\/\" style=\"\" rel=\"noopener\">Asharq<\/a><a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/64127\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D9%82-%D9%85%D8%B9-%D8%B4%D9%84-%D9%88bp-%D8%B9%D9%84%D9%89-%D8%A8%D8%AF%D8%A1-%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-%D8%AD%D9%82%D9%84-%D8%BA%D8%A7%D8%B2-%D8%A8%D8%AD%D8%B1%D9%8A-%D9%81%D9%8A-%D9%85%D8%B7%D9%84%D8%B9-2026\/\" style=\"\" rel=\"noopener\">Business<\/a> reports, citing an unnamed government official. Initial investments in the project\u2019s field operations are estimated to be around USD 370 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The project will be a welcome help for the country\u2019s efforts to close the gap between <\/strong><strong>local supply and demand<\/strong>, with the estimated 125 mn cubic feet (cbf) of daily production capacity set to help reduce the country\u2019s energy import bill \u2014 or at some point hopefully be turned towards export. While the country's daily demand stands at more than 6 bn cbf per day, current domestic daily production stands at 4.3 bn cbf, bolstered by 900 mn cbf of imports, a senior government source <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c44b061e-3fcc-4212-b65a-c76f40613dcf\/oil-ministry-wants-to-see-gas-production-rise-by-400-500-mn-cubic-feet-per-day-by-march\" style=\"\" rel=\"noopener\">recently told<\/a> EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The project \u2014 which will be carried out by the Pharaonic Petroleum Company, a JV between BP and EGAS that operates in the area \u2014 will drill three wells in the area. There are also plans to construct an offshore platform and a 50 km-long gas pipeline to connect to an onshore processing station, the outlet\u2019s source added. Construction is planned to be finished by late 2025, with production pencilled in for the start of 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>BP is gearing up for a busy 2025:<\/strong> In addition to its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/704c38d4-245f-48ff-9872-dedd82f25392\/bp-and-adnoc-set-up-arcius-energy-jv-to-ramp-up-egypt-energy-exploration\" style=\"\" rel=\"noopener\">newly-launched JV Arcius Energy<\/a> with Abu Dhabi National Oil Company\u2019s investment arm XRG, the firm is reportedly set to begin drilling two <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05de06d7-c056-4645-86e6-cceb7c1ce879\/aton-resources-to-launch-gold-extracting-and-processing-facility-in-2026.-plus:%253cmark%253e-bp%253c%2Fmark%253e-to-drill-two-new-wells,-sabbour-consulting-expands-to-ksa,-british-council-promotes-inclusion\" style=\"\" rel=\"noopener\">USD 160 mn exploratory natural gas wells<\/a> in the West Delta at the start of 2025. The firm will invest <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac665409-aa60-44ba-83ae-d2d40e48071f\/bp-to-invest-usd-400-mn-in-two-new-wells.-plus:-agiba,-pickalbatros,-juba,-alexandria-port-authority,-el-araby-group,-carbon-credits\" style=\"\" rel=\"noopener\">USD 400 mn<\/a> to drill two new wells at the Raven natural gas field in its North Alexandria concession during the current fiscal year, according to unconfirmed reports. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project will be carried out by the Pharaonic Petroleum Company, a JV between BP and EGAS<\/p>\n","protected":false},"author":1,"featured_media":657302,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[196,7135,93,72,91,594],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-bp","tag-egas","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-shell","wpautop","entry"],"acf":{"mongo_id":"62eb0d4a-2513-4122-8d90-27f45779e7c8","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1711.jpg","photo_position":"above","homepage_title":"","full_issue_title":"BP and Shell to add 125 mn cbf of daily gas production in 2026 with USD 370 mn project","related_issue":[657296],"teaser":"The project will be carried out by the Pharaonic Petroleum Company, a JV between BP and EGAS","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.93064847-cfbb-4e25-8e5f-53844781c473.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BP and Shell to add 125 mn cbf of daily gas production in 2026 with USD 370 mn project - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/12\/18\/bp-and-shell-to-add-125-mn-cbf-of-daily-gas-production-in-2026-with-usd-370-mn-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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field","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":691607,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/05\/egas-and-arcius-ink-usd-500-mn-fid-for-harmattan-gas-field-development\/","url_meta":{"origin":657301,"position":1},"title":"Egas and Arcius ink USD 500 mn FID for Harmattan gas field development","author":"enterpriseam admin","date":"5 April 2026","format":false,"excerpt":"Plus: EBRD funds local fertilizer expansion, first Egyptian killed in regional war","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/691662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569884,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/bp-begins-drilling-exploratory-gas-well-in-north-el-tabia\/","url_meta":{"origin":657301,"position":2},"title":"BP begins drilling exploratory gas well in North El Tabia","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"BP began drilling yesterday its Atoll Nooros exploratory gas well in its North El Tabia block in the Mediterranean, Al Shorouk reported, citing an EGAS source. The company will complete drilling in four months and reveal results in 2H2020. BP had signed an agreement with the EGAS in 2016 to\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":657269,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/17\/bp-and-shell-are-working-to-turn-the-tap-on-at-their-harmattan-field\/","url_meta":{"origin":657301,"position":3},"title":"BP and Shell are working to turn the tap on at their Harmattan field","author":"enterpriseam admin","date":"17 December 2024","format":false,"excerpt":"Good afternoon, all, and happy hump day. 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