BP makes third gas discovery in Egypt's North Damietta Concession
3/27/2017
CAIRO (Reuters) -- BP has made a gas discovery in the North Damietta Offshore Concession in Egypt's East Nile Delta, its third in the block, it said on Sunday.
The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 m in water depth of around 108 m, the company said.
"This latest discovery confirms our belief that the Nile Delta is a world-class basin," BP Chief Executive Bob Dudley said in a statement.
The well is 37 miles north of Damietta city in northern Egypt. BP has 100% equity in the discovery.
BP produces around 40% of Egypt's total gas.
Reporting by Ahmed Aboulenein; editing by Susan Thomas
Sign up to Receive Our Newsletter
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
Comments