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bp wins new exploration blocks in Egypt’s offshore Nile Delta

(Source: Bloomberg)

bp has been awarded two exploration blocks offshore Egypt by the Egyptian Natural Gas Holding Co, bp said in a press release.

The northwest Abu Qir offshore area – in which bp holds 82.75% and Wintershall-Dea holds 17.25% – covers an area of approximately 1038 square kilometres with water depths ranging between 600 metres and 1600 metres.

In addition to the two new blocks, in 2022 bp was also awarded: King Mariout Offshore Area (100% bp), North El Fayrouz offshore area (50% bp and 50% Eni, the operator) and the North El Tabya area extension (100% bp).

bp operates the major West Nile Delta gas development, which currently produces around 900 million cubic feet per day (mmcfd) of gas and 27 thousand barrels per day (mbd) of condensate. The development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea.Â