Petroleum Africa
Find us on: 
Thursday, September 2, 2021
In its Half-Year Results, Energean plc highlighted its operational results in its North East Almeyra (NEA)/North Idku (NI) project along with its production totals from its assets. The company awarded an Engineering, Procurement, Construction and Installation (EPCI) contract to TechnipFMC to develop the North East Almeyra (NEA)/North Idku (NI) project in shallow-water offshore Egypt in February 2021.
The shallow-water NEA/NI satellite tie-back project is progressing in line with expectations, with first gas from one well anticipated in H2 2022 and from the remaining three wells in Q1 2023. The project was sanctioned in January 2021 and an EPCI contract for the four subsea wells and the associated tie-back to the Abu Qir platform and associated infrastructure was awarded to TechnipFMC in Q1 2021.
The company also reported that its working interest production from the Abu Qir area averaged 31.4 kboed (87% gas) during H1 2021 with full year production guidance maintained at between 27 – 30 kboed.
Around the Abu Qir and NEA/NI assets, Energean is maturing several near-field and infrastructure-led opportunities, including the discovered NI-B field, as potential future drilling candidates. In addition, prospect maturation continues across the wider portfolio to unlock value from the substantial prospective resource volumes identified, including in deeper liquids-rich horizons.
At June 30, 2021, net receivables (after provision for bad and doubtful debts) in Egypt were $158.7 million (December 31, 2020: $148.8 million), of which $94.0 million (December 31, 2020: $78.7 million) was classified as overdue. Cash collection from EGPC during the period was $74.9 million.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
