Arcius has announced the approval of the Final Investment Decision for the development of the Harmattan field, located in the El Burg offshore concession in Egypt. The investment amounts to approximately $500 million and aims to increase natural gas production to supply the domestic market.
Technical Details and Project Execution
The development of the Harmattan field includes:
- The drilling of up to 3 wells
- The installation of a fixed offshore platform
- The construction of a pipeline approximately 50 kilometers long that will connect production to onshore facilities near Port Said.
Regarding the parties involved, the project has the collaboration of the Egyptian Natural Gas Holding Company, as well as Pharaonic Petroleum Company, which acts on behalf of the El Burg Offshore concession.
Project execution will be carried out by ENPPI under an EPCI contract. In turn, Petroleum Marine Services and Petrojet will participate as subcontractors in the construction and installation phases.
Arcius and Its Role in Egypt’s Gas Growth
It should be noted that Arcius is a joint venture created in 2024 between bp and XRG, the international investment arm of ADNOC, which focuses on the development of gas assets in Egypt and the region. Currently, Arcius holds stakes in several strategic assets, including the Zohr field, North Damietta, and other exploration concessions, which strengthens its presence in the country.
Looking ahead, the Harmattan field could begin production around 2028, establishing itself as a significant source of natural gas in Egypt. This development is part of a broader portfolio of projects aimed at ensuring long-term energy supply.
Source: Arcius Energy