The NEA and NI concessions are both 100% owned by Energean and whilst operated through separate 50/50 JV companies they both fall under the overall management of Abu Qir Petroleum.
NEA contains two discovered and appraised gas fields (Yazzi and Python). NI – which is split into northern 21 and southern areas – contains four discovered gas fields, one of which is readied for development. Both areas contain additional mapped but undrilled prospects.
These fields will be developed as satellite fields to the Abu Qir gas-condensate offshore and onshore infrastructure. The combined development concept includes three subsea wells, to be drilled in water depths ranging from 30 to 85 metres, and tied back to the North Abu Qir III platform. A fourth well will be required to develop the NI-1 discovery. The infrastructure will be installed alongside the NEA development to allow the NI-1 well to be hooked up either in parallel with NEA or afterwards.
A final investment decision has been made in early 2021 with first gas expected in 2H 2022
Fields information and history
Python and Yazzi Fields in North El Amryia Concession were discovered by RWE in 2010 & 2011 through the Exploratory Wells NEA_3X & NEA_4X, respectively.
The Fields will produce gas and condensate from the BKES and Abu Madi Formations.
The PSC expires on December 31, 2039. Reserves were projected to the end of the license or to an economic limit, whichever occurs first.
NI-Block A Field A was discovered By RWE in 1999 through the Exploratory Well NI_1X and is expected to produce gas from the BKES Formation. NI-Block B was discovered in 1999 Through 2 Exploratory wells NI_2X and NI_4X
Development of NI-Bloc B will be subject to evaluation in the forthcoming period.
North Idku PSC expires on December 31, 2039.