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2 clusters · 5 sources · 24 days · First seen · Last updated

BP natural gas production and investment in Egypt

Overview

BP has commenced natural gas production from the Fayoum 4 well in Egypt’s West Nile Delta. The project, which reached production approximately two years ahead of schedule, delivers roughly 80 million standard cubic feet of gas per day to the domestic market by utilizing existing infrastructure.

Following this success, BP and Egypt’s Ministry of Petroleum and Mineral Resources are strengthening their partnership through a $700 million investment program to increase production. The current drilling program includes the movement of rigs to the ‘Gharab’ exploratory well, with subsequent plans to drill two deep-water exploratory wells through the joint venture company Archius.

Entities

BP · West Nile Delta · Egypt · Harbour Energy · Ministry of Petroleum and Mineral Resources

Timeline

  1. 7 days ago

    [BUSINESS] 3 sources
    BP to invest $700 million in Egypt natural gas production

    BP is investing $700 million in Egypt to drill four wells and boost natural gas production, following the early success of the Fayoum 4 well.

  2. about 1 month ago

    [BUSINESS] 2 sources
    BP begins gas production from Fayoum 4 well in Egypt

    BP has started production at the Fayoum 4 well in Egypt’s West Nile Delta two years ahead of schedule, adding 80 million cubic feet of natural gas per day to the domestic supply.

Sources

al-hewar.org · alnaharegypt.com · dailynewsegypt.com · elbalad.news · oilprice.com