Total consortium signs E&P agreement in Egypt
Published by Nicholas Woodroof,
This exploration block covers an area of 4550 km2, extending from 5 to 150 km from the shore, with water depths ranging from 50 to 3200 m. The Herodotus Basin is an under-explored area and the agreement includes a 3D seismic campaign during the first three years.
‘‘Total is pleased to further strengthen its Eastern Mediterranean position as an operator of this exploration and production agreement’’, commented Kevin McLachlan, Senior Vice President Exploration at Total. “We are excited by the exploration potential of the North Ras Kanayis Offshore block. It reinforces our presence in Egypt, following a gas discovery made in July 2020 with the Bashrush well on the North El Hammad license, to be developed through a tie-in to nearby existing infrastructure.”
Total holds a working interest of 25% in the North El Hammad license, alongside operator ENI (37.5%) and BP (37.5%).
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/04012021/total-consortium-signs-ep-agreement-in-egypt/
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