26th Oct 2020 09:08
(Alliance News) - BP PLC on Monday announced the commencement of gas production from the Qattameya gas field located ‎offshore Egypt and said that it has formed a partnership to develop ‎offshore carbon dioxide infrastructure in the UK North Sea.
The London-based oil company said it has partnered with ENI Spa, Equinor, National Grid PLC, Royal Dutch Shell PLC and Total SE to form the Northern Endurance partnership.
The Northern Endurance partnership will aim to develop ‎offshore carbon dioxide infrastructure in the UK North Sea, with BP as operator.
The ‎infrastructure will serve the proposed Net Zero Teesside and Zero Carbon Humber ‎projects that aim to establish decarbonized industrial clusters in Teesside and Humberside region of UK.‎
The partnership has submitted a bid for funding through Phase 2 of the UK government's Industrial ‎Decarbonisation Challenge, aiming to accelerate the development of an offshore pipeline network to ‎transport captured carbon dioxide emissions from both Net Zero Teesside and Zero Carbon Humber to offshore geological storage beneath the ‎UK North Sea.‎
Separately, BP said the Qattameya field is ‎expected to produce up to 50 million cubic feet of gas per day and has been developed ‎through a one-well subsea development and tie-back to existing infrastructure.‎
The Qattameya gas field is part of the North Damietta offshore concession, which is 100% owned by BP. ‎Gas production from the field is directed to Egypt's national grid.
Karim Alaa, BP's North Africa regional president, said: "We are proud to have brought this project safely onstream through an extremely ‎challenging period. Our team continues to work to support Egypt realising the potential of ‎its energy resources, adding to our track-record of delivery and enabled by our established ‎partnerships with the Egyptian petroleum sector."
Shares in BP were down 0.7% at 204.15 pence each in London on Monday morning.
By Tapan Panchal; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
RDSA.LBPNational Grid