Abu Dhabi National Oil Co and bp's Egyptian joint venture has taken a final investment decision to proceed with the development of the Harmattan gas field.
"The investment, estimated at approximately half a billion dollars, will help support and increase natural gas production to meet domestic market needs," joint venture, Arcius Energy Egypt, said in a statement.
The project "reflects our confidence in the potential of Egypt’s energy sector and our commitment to close cooperation with the Egyptian government, EGAS [state-owned Egyptian Natural Gas Holding Co] and our execution partners to strengthen Egypt’s natural gas supply, support energy security and reinforce Egypt’s position as a regional energy hub in the Eastern Mediterranean," Arcius CEO, Naser Al Yafei, said.
Harmattan is part of the El Burg Offshore concession, and owned 100% by Arcius, which acquired it in February of this year.
Arcius said in an initial announcement that it expected Harmattan to start production 2028.
The project involves drilling up to three wells and installing a fixed offshore platform, which would be connected by a 50 km pipeline to onshore processing facilities near Port Said. (April 7, 2026, Source: https://lngjournal.com/index.php/latest-news-mainmenu-47/item/115980-egypt-s-harmattan-gas-field-joint-venture-takes-fid)
EGYPT - Natural Gas - Production