{"id":691607,"date":"2026-04-05T00:00:00","date_gmt":"2026-04-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=691607"},"modified":"2026-04-05T03:55:34","modified_gmt":"2026-04-05T03:55:34","slug":"egas-and-arcius-ink-usd-500-mn-fid-for-harmattan-gas-field-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/05\/egas-and-arcius-ink-usd-500-mn-fid-for-harmattan-gas-field-development\/","title":{"rendered":"Egas and Arcius ink USD 500 mn FID for Harmattan gas field development"},"content":{"rendered":"<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The<\/strong> <strong>Eg<\/strong><strong>yptian Natural Gas Holding Company (Egas) inked a final <\/strong><strong>investment<\/strong><strong> decision (FID) with Arcius Energy to develop the Harmattan gas field in the Mediterranean<\/strong>, according to a <a href=\"https:\/\/www.facebook.com\/EgyptMOPMR\/posts\/pfbid02PtY7B2Uav2obEwyJCJNMp6d7raEdEarfYfZabLR6kMibxJuB6B5U31sF7oDB9b2Dl\" target=\"_blank\" rel=\"noopener\">statement<\/a> from the Oil Ministry.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The USD 500 mn project is expected to go online in 2028<\/strong> 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.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>REMEMBER- <\/strong>Arcius Energy \u2014 a JV between BP and Adnoc\u2019s investment arm XRG \u2014 first <a href=\"https:\/\/enterpriseam.com\/egypt\/2025\/11\/06\/arcius-energy-takes-over-harmattan-gas-field\/\" target=\"_blank\" rel=\"noopener\">acquired<\/a> 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.<\/p>\n<p class=\"tag-border-left\">EBRD provides USD 20 mn loan to Futurefert<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>The Eu<\/strong><strong>ro<\/strong><strong>p<\/strong><strong>ean Bank for Reconstruction and Development is lending USD<\/strong><strong> 20<\/strong><strong> mn to local fertilizer producer Futurefert<\/strong> to help fund the construction and operations of three plants in the SCZone, the lender said in a <a href=\"https:\/\/www.ebrd.com\/home\/news-and-events\/news\/2026\/ebrd-lends-us--20-million-to-futurefert-in-egypt.html\" target=\"_blank\" rel=\"noopener\">statement<\/a>. 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.<\/p>\n<p class=\"tag-border-left\">First Egyptian killed in regional war<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Egy<\/strong><strong>pt<\/strong><strong>ian <\/strong><strong>engineer Hossam Sadek Khalifa was killed at Abu Dhabi\u2019s<\/strong><strong> Habshan gas<\/strong><strong> plant after debris from intercepted Iranian missiles sparked fires<\/strong>, while two other Egyptians were injured, the Oil Ministry said in a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02n1kpZcFZ6Ucx3BHtPcy9CarYU2sCn36Qb2ZPb1qxPyyRh7QpKyFA7qzu937yRAEQl\" target=\"_blank\" rel=\"noopener\">statement<\/a>, expressing condolences to his family. Khalifa was the assistant general manager for quality at Petrojet\u2019s UAE branch and conducted his work with \u201csincerity, dedication and commitment,\u201d the ministry said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: EBRD funds local fertilizer expansion, first Egyptian killed in regional war<\/p>\n","protected":false},"author":1,"featured_media":691662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[7209],"tags":[1703,111,12609,196,571,93,72,131,6984,2324],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-691607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-adnoc","tag-also-on-our-radar","tag-arcius-energy","tag-bp","tag-ebrd","tag-energy","tag-enterpriseam","tag-manufacturing","tag-middle-east-politics","tag-petrojet","wpautop","entry"],"acf":{"mongo_id":"a9ce60c1-a7cf-4649-b8df-684150907857","order":"12","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Harmattan gas field to go online in 2028","related_issue":[691586],"teaser":"Plus: EBRD funds local fertilizer expansion, first Egyptian killed in regional war","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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&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":662587,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/19\/arcius-energy-to-take-over-shells-stake-in-harmattan-field\/","url_meta":{"origin":691607,"position":1},"title":"Arcius Energy to take over Shell\u2019s stake in Harmattan field","author":"enterpriseam admin","date":"19 March 2025","format":false,"excerpt":"PLUS- Fawry, Contact Financial expand BNPL partnership","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our 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&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\/2024\/12\/1711.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":685251,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/22\/fresh-capital-for-nargis-as-mubadala-deepens-egypt-play\/","url_meta":{"origin":691607,"position":3},"title":"Fresh capital for Nargis as Mubadala deepens Egypt play","author":"enterpriseam admin","date":"22 February 2026","format":false,"excerpt":"Plus: Arcius wagers USD 150 mn on Mediterranean exploration","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\/2025\/5\/2299.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671043,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration\/","url_meta":{"origin":691607,"position":4},"title":"Foreign firms to invest some USD 340 mn on oil and gas exploration","author":"enterpriseam admin","date":"31 August 2025","format":false,"excerpt":"PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert","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\/2025\/5\/2299.jpg?fit=%2C&ssl=1&resize=350%2C200","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":691607,"position":5},"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. The slew of news is holding up today, as we receive reports of USD multi-mn investments, political incidents, and a miraculously good TV adaptation of a book.THE BIG STORY TODAY- BP and Shell to add 125 mn cbf of daily gas production in\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/2645.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/691607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=691607"}],"version-history":[{"count":2,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/691607\/revisions"}],"predecessor-version":[{"id":691661,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/691607\/revisions\/691661"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/691586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/691662"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=691607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=691607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=691607"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=691607"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=691607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}