Asset Report
North Damietta - Atoll
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The North Damietta Offshore block is located in Egypt's Nile Delta, to the north of BP and Eni's North El Burg and Ras El Barr licence areas. The block was awarded to a consortium of BP, Petronas Carigali and Shell in the 2008 EGAS licensing round, though Petronas and Shell exited the block in 2012. The partners spudded the first exploration well, Salamat-1 in August 2012. The well was one of the deepest ever drilled in Egypt, taking over a year to drill and discovered an estimated 1.6 tcf of recoverable gas. BP followed up Salamat with a second well, Atoll-1, which spudded in September 2014. This is the deepest well ever drilled in Egypt, with a total depth of 7,400m and took over seven months to drill. In March 2015 BP announced an Oligocene gas discovery at around 6,400m.
Table of contents
- Summary
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Key Issues
- Atoll
- Qattameya Shallow
- Exploration and Appraisal costs
- Capital costs
- Operating costs
- Cost Oil/Gas
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Cash Flow
- Condensate Price
- GEM file name
- Cash Flow
- Atoll
- Qattameya Shallow
- Indicative Technical Valuations
Tables and charts
This report includes the following images and tables:
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Index mapAtoll area mapParticipation
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Discovery WellsReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2016-2025)Atoll Production ProfileQattameya Production ProfileCapital Costs Pre-2017 to 2025 (US$ million)Operating Costs 2026 to 2030 (US$ million)Annual Gas Prices (Atoll)
- 18 more item(s)...
What's included
This report contains:
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