RWE Dea's 30th Oil Production Anniversary in Suez

By Joseph R. Fonseca
Thursday, June 05, 2014
RWE Dea has achieved 30 years oil production in the Gulf of Suez

RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million barrels of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels. Currently, RWE Dea is optimizing its gas lift installations in the Zeit Bay oil field.

RWE Dea has been successfully producing oil from the Ras Fanar field, just a few miles off the west coast of the Gulf, since 1984. Oil production at RWE Dea’s other two concessions in the Gulf of Suez — Zeit Bay and Ras Budran — has also been ongoing for around 30 years. From these three oilfields, RWE Dea has produced a total of 640 million barrels of oil. RWE Dea operates and owns 100% of the three concessions.

Intelligent solutions and investments in infrastructure

Production operations are carried out by the Suez Oil Company (SUCO), a joint venture of RWE Dea and the Egyptian General Petroleum Corporation (EGPC). “We are pleased to look back upon a very successful production phase together with SUCO,” said Maximilian Fellner, General Manager of RWE Dea Egypt. “For 30 years now, we have consistently leveraged new ideas to develop intelligent solutions, using the latest technology, and investing in our infrastructure. That’s how we have been able to maintain a high level of oil production from these three fields over an extended period of time while ensuring profitability,” explained Fellner.

Increasing oil production with gas lifting RWE Dea is developing the Zeit Bay field using extended reach wells drilled from land in addition
to the existing offshore wells. Currently, RWE Dea is working in the Zeit Bay field to optimize the gas lift system to increase oil production. This method involves capturing and processing the associated gas and injecting it through the annulus back into the wells to lift production. In the Zeit Bay field, RWE Dea has additionally converted wells to gas producers to extract natural gas for use in the process. The field has produced more than 230 million barrels of oil to date.

Additional wells planned in Ras Fanar The Ras Fanar field was discovered in 1974. RWE Dea has recovered roughly 114 million barrels of oil from the field since 1984. The oil is located in geological structures in the Miocene and is being recovered through two unmanned offshore platforms. The platforms are approximately 3.5 kilometers off the coast of the Gulf. The oil reaches land through a pipeline, where it is treated in SUCO facilities before the final treatment at General Petroleum Company (GPC) process facilities. Each of the two platforms is currently being used to operate 13 wells. In 2013, average production from the Ras Fanar field was approximately 4,500 barrels of oil per day. RWE Dea plans to drill two additional wells at Ras Fanar and add these to production by 2015.

Additional exploration in the Gulf of Suez

The production RWE Dea has attained from Ras Budran, the largest of the three fields, amounts to a total roughly 300 million barrels of oil to date. RWE Dea was also granted a 100% share and the operation of the neighboring East Ras Budran Offshore concession. During an initial three-year exploration phase, RWE Dea plans to conduct a 3-D seismic campaign and drill an exploration well.

In the event of new discoveries, synergies can be exploited with the existing production facilities in the Ras Budran field to rapidly and efficiently develop the new field.

The investments in the Gulf of Suez and further projects in Egypt emphasize RWE Dea’s long-term commitment to the country. Including its predecessor company, RWE Dea Egypt has already been engaged in the upstream business in Egypt for 40 years. In recent years, the company has made a number of large natural gas discoveries in Egypt and considerably expanded its portfolio through the acquisition of additional concessions. RWE Dea holds shares in 10 onshore and offshore concessions with a total area of 6,500 square kilometers.




 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

N-KOM to Build Floating Jetty for QPMC

Nakilat-Keppel Offshore & Marine (N-KOM), a joint venture shipyard established by Nakilat and Singapore’s Keppel Offshore & Marine (Keppel O&M), has secured a contract

Boscalis to Get IJsseldelta 'Room for the River' Contract

Royal Boskalis Westminster N.V. (Boskalis) say that the Dutch Department of Public Works and the province of Overijssel intends to award the contract for the IJsseldelta polder to them.

Shipbuilders Vard Report Financial Fair Sailing

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”),

Legal

Maine Port City Bans Oil Loading

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock

Electronic Navigation & Dispute Resolution: Coming of Age

ECDIS, AIS, GPS Electronic navigation systems such as GPS, Electronic Chart Displays (ECDIS) and Automatic Identification Systems (AIS) provide great assistance

Korea Ferry Businessman's Body Located

Yoo had been target of South Korea's largest manhunt; Failure of police to catch Yoo had been burden for Park government. The body of South Korea's most wanted man,

Offshore

DNV GL Publishes Regulatory Roadmap for Floaters in the US

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters.

Second Typhoon Threatens Taiwan

The Taiwan military was collecting and distributing sandbags to guard against possible flooding on Tuesday as a typhoon bore down on the island after brushing the Philippines.

Shipbuilders Vard Report Financial Fair Sailing

Designers and shipbuilders of offshore and specialised vessels, Vard Holdings, has announced its financial results for the second quarter of financial year 2014 (“2Q2014”),

Energy

Maine Port City Bans Oil Loading

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock

Editorial: Gas ... It's Both the Question & the Answer

When the time comes to pull an edition together, sometimes the content simply takes on a life of its own, as is the case with the July 2014 edition and the proliferation of ‘gas’ throughout.

Oil Products Flow to Primorsk Resumed

Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said.

News

New ICTF Boosts Crowley’s Efficiency

The opening of Florida East Coast Railway’s (FEC) new, state-of-the-art intermodal container transfer facility (ICTF) adjacent to Crowley Maritime Corporation’s Port Everglades, Fla.

Training Builds Support for Sennebogen Customers

When Sennebogen LLC opened its new headquarters in Stanley, N.C., in 2009, the facility was equipped with one of America’s premier OEM Training Centers for heavy equipment.

Ireland Ratifies the MLC

Ireland’s Minister for Transport, Tourism and Sport, Paschal Donohoe TD and the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today announced

Offshore Energy

DNV GL Publishes Regulatory Roadmap for Floaters in the US

DNV GL announced it has mapped out what is necessary to be in compliance with U.S. Coast Guard (USCG) requirements to operate FOIs, FSOs and FPSOs in U.S. waters.

NJ Congressmen Supports Offshore Wind Proposal

Congressman Frank Pallone has issued the following statement in response to the Department of the Interior’s announcement of the proposed lease sale for nearly 344,

Sembawang Shipyard to Convert 2 FPSOs for Kaombo Project, Angola

Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2077 sec (5 req/sec)