Egypt: Energean to develop shallow-water gas

London-listed Energean announced on 21 January that it had taken a final investment decision on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered and appraised gas fields, Yazzi and Python, while the NI concession contains four discovered gas fields, one of which is ready for development. NEA/NI is due to deliver first gas in H2 2022 from 49m boe of 2P reserves, 87% of which is gas. Peak production is expected to be approximately 90mcf/d, plus 1,000 b/d of condensates.