BG GROUP BG Egypt announced today the appointment of a new President for the company, the oil and gas industry leader Khaled Kacem.
Khaled brings a wealth of experience to his new position at BG Egypt. His impressive career spans 23 years in the upstream and downstream Oil & Gas sector in Tunisia, Egypt and UK.
Khaled joined BG Group in 1998 and has held a number of technical, engineering, operations and management roles in Tunisia, UK and Egypt. Prior to his appointment as President, BG Egypt, Khaled occupied the position of General Manager and Managing Director of Rashid Petroleum Company (Rashpetco), the Joint Venture conducting operations on behalf of BG Egypt and its partners PETRONAS and Edison.
Khaled graduated from the Engineering University in Tunisia (ENIM) where he received his Master in Mechanical Engineering. He also earned a Diploma in Management from the Chartered Management Institute (CMI) in UK.
Khaled succeeds former BG Egypt President Arshad Sufi, who continues to be part of BG Group's team in Egypt as Chairman of the company.
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Notes to Editors:
BG Egypt is a subsidiary of BG Group, one of the principal foreign investors in Egypt. It is a leading player in the development of the local natural gas industry with investments spanning the gas chain from exploration through development and production to LNG. The company is one of the largest producers of natural gas in Egypt. For more information, visit www.bg-group.com
The West Delta Deep Marine Concession was awarded to BG Egypt in 1995. The Scarab and Saffron fields were brought on-stream in March 2003 delivering gas to the domestic market. Subsequently, the Simian, Sienna and Sapphire fields entered production. Completed in February 2008, WDDM Phase 4 brought into development seven additional deepwater wells in the Scarab/Saffron and Simian subsea fields. Phase 5, an onshore booster compression project, came onstream in May 2009, while Sequoia, a unique project representing Phase 6 of the development of WDDM and Phase 4 of the development of BG Egypt's other Concession, Rosetta, came onstream in August 2009, bringing six additional wells, three on each Concession.
Gas from Phase 8a, a deepwater development project and an extension of the existing deepwater subsea infrastructure comprising nine subsea wells entered operations in October 2011, while gas from Phase 8b came on stream on in June 2012. First gas from Phase 9a was delivered in July 2014. This Phase comprises 9 wells, and includes the enhancement of the country's gas infrastructure with an upgraded well control system enabling it to bring new wells on in the complex West Delta Deep Marine concession while maintaining supply from existing wells. BG Egypt is the operator of the Concession and holds a 50 per cent working interest. PETRONAS holds the remaining 50 per cent. Burullus Gas Company S.A.E a Joint Operating Company of EGPC, BG Egypt, and PETRONAS conducts operations on behalf of the WDDM partners.
The Rosetta Concession was awarded to BG Egypt in 1995. Rosetta started production in 2001 and supplies the domestic market. BG Group sanctioned the Rosetta Phase III field development plan in 2006 and delivered first gas from the project in first quarter 2008. BG Egypt is the operator of the concession and holds an 80 per cent working interest. Edison holds the remaining 20 per cent. Rashpetco, a Joint Operating Company of EGPC, BG Egypt, and Edison, conducts operations on behalf of the Rosetta partners.
There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to BG Group's annual report and accounts for the year ended 31 December 2014. BG Egypt does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
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