Egypt awards bp more offshore blocks
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.
|Read More: FESCO and Egypt explore possibilities for Alexandria-Novorossiysk shipping service|
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.”
|Read More: Shipping sector sets sail into greener waters with wind energy|
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