RWE set for North Idku kick off
RWE Dea is pushing ahead with development at the North Idku field, off Egypt,
after landing a gas sales agreement with domestic gas suppliers Eygptian
General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding
Company (EGAS).
The German producer holds 100% of the North Idku concession, in the offshore
Nile Delta play, and made four discoveries from five wells drilled on the
block.
RWE Dea has now started the first phase of the development of the offshore
gas fields. It said that development and subsequent production will be
carried out by the Suez Oil Company, a joint venture between RWE Dea and
EGPC.
First gas production is planned to begin in 2010. Development will be
concentrated in the offshore area closer to shore. The gas produced will be
piped to and processed by existing onshore processing facilities in the
nearby Abu Qir Bay.
25 March 2008 09:32 GMT
| last updated:
25 March 2008 09:32 GMT
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