Dutch Shell has completed drilling two wells in phase 9B in Borollos in the West Delta region in the deep waters of the Mediterranean Sea, in order to connect about 100m cbft of gas to production starting from October.
A source in Rasheed Petroleum Company—responsible for developing the project—told Daily News Egypt in an exclusive statement that drilling two wells in the phase was completed using a drilling rig in the region. It was moved in order to start drilling a third well soon.
The source added that drilling the remaining eight wells, alongside with two exploration wells, will take place in the third quarter of 2019, in order to take production rates of the project to nearly 400m cbft of gas and 3,000 barrels of condensates per day.
The source explained that the production rate of a single well in 9B in Borollos ranges from 40 to 50m cbft of gas per day.
He pointed out that speeding up the development of the 9B phase is taking place in order to compensate for the natural decline rates of the production in Borollos in the deep water of the Mediterranean.
The source said that the total production of Borollos and Rasheed fields has declined to become nearly 390m cbft of gas daily, compared to 500m cbft last fiscal year.
He explained that the production is divided into 370m cbft of gas daily from Borollos field, and 20m cbft of gas from the concession area of Rasheed.
Shell has allocated about $750m investments for the development of 9B phase in Borollos in the deep water of the Mediterranean.
Rasheed has started the procedures to bring a second drilling rig in order to speed up the exploratory drilling program in the area through launching a bid. The new exploration wells to be drilled in the deep water in high temperatures and under high pressures will contribute to providing reserves of 351b cbft of natural gas, in addition to 3.4m barrels of condensates in light of the promising potentials of these wells.