North Safa is an active conventional oil field situated in shallow waters off the coast of Egypt. Specifically located in the Northeast Ramadan Concession block, the field operates at a water depth of 217 feet. Anticipated to reach peak production by 2026, North Safa’s oil extraction will persist until it reaches its economic limit in 2041, as per economic projections.
The project consists of two plants: one for producing linear polyethylene (PEL) and another for producing polypropylene (PP), each with an annual production capacity of 300,000 tons.
Both plants utilize cutting-edge technologies that ensure top energy efficiency. These technologies are leading in the market and are the first of their kind to be implemented on the Iberian Peninsula.
At the center of the project, Coral Sul FLNG: a floating plant for the liquefaction of natural gas. The ship is 432 meters long and weighs 200 thousand tons. It also has a gas liquefaction capacity of 3.4 million tons per year and will produce LNG from the 500 billion cubic meters of gas from the Coral field. This historic project will help increase the availability of gas on the global market and is an important lever of Mozambique economic and social development.