We operate two producing Concessions, WDDM
and Rosetta, in addition to two exploration Concessions -- North Gamasa Offshore and El Burg Offshore.
1) Burullus Gas Company SAE is a joint operating company of Egyptian General Petroleum Corporation (EGPC) 50%, BG Group 25% and PETRONAS 25% conducting oil and gas operations on behalf of the WDDM
We have another phase of the WDDM
project, Phase VII, which is a very big compression project.
In the WDDM
, it has had 100% success in finding the Plio-Pleistocene fields of Simian (3.
The project is designed to maintain overall plateau production for the WDDM
Concession, located 95 kilometers offshore Egypt in the Mediterranean.
2) Windows Aero requires the following: o DirectX 9-class graphics processor that supports the following: -- WDDM
-- Pixel Shader 2.
This addition was derived mainly through the acquisition of interest in the WDDM
block in Egypt and several successful discoveries in Sudan.
Saffhire is to be on stream in the first quarter of 2006 (BG and its partners have set up Egyptian LNG to export LNG from the 4 TCF Simian, Sienna, Sapphire and other fields on the WDDM
block, with the two LNG trains at Idku in 2005 well ahead of schedule - see Part 3).
Bechtel, the main contractor for the Atlantic LNG venture, has been part of the project management team for the development of the Scarab/Saffron fields in the WDDM
The government is taking its time in understanding the need for BG and Petronas to have better E&P terms in the WDDM
concession area, where drilling a well is very costly.
At this point, it is interesting to note that BG Group last month bought Shell's 20% stake in the offshore Rosetta concession to the south of the WDDM
block and thus raised its equity there to 40%.
BG and its partners have set up Egyptian LNG to export liquefied gas from the 4 TCF Simian field (in 1,100-metre waters), Sapphire and other structures on the WDDM
block, with the LNG plant to be built at Idku and to be on stream in 2004 (see Part 3).