Egyptian Natural Gas Holding Co. has awarded bp two exploration blocks in the eastern Mediterranean Sea.

For the Northwest Abu Qir Offshore Area, bp will operate with an 82.75% interest, with partner Wintershall Dea holding 17.25%.

The 1,038-sq-km concession over water depths ranging from 600 m to 1,600 m is west of the recently awarded North King Mariout Block (bp 100%) and north of the Raven gas field.

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The 3,440-sq-km Bellatrix-Seti East Block, where bp and operator Eni will each hold a 50% share, is west of the Atoll Field and North Tabya blocks in water depths of 100 m to 1,200 m.

Karim Alaa, bp’s regional president, Egypt, Algeria and Libya, said, “We have been awarded four new exploration blocks and a block extension in 2022, which offer the potential for gas discoveries that could be developed using existing infrastructure. Acquiring this acreage is part of our strategy to maintain a longer-term plateau production rate.”

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Earlier this year, bp also secured the King Mariout Offshore Area (100% bp), North El Fayrouz offshore area (50% bp and 50% Eni, as operator) and the North El Tabya area extension (100% bp).

Source: Offshore Mag


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Issue 82 of Robban Assafina

(Nov./Dec. 2022)


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