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Tag: BP
SDX

SDX Energy ends talks with BP over the sale of Egyptian assets

Posted: October 18, 2018 at 3:26 pm   /   Oil & Gas

SDX Energy and BP mutually agree to end discussions which could have see SDX buy a package of assets. SDX Energy, the North Africa focused oil and gas company, has announced that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from […]

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BP Concessions

BP’s Qattameya well to produce 60 mmcf/d of gas by 2020

Posted: October 18, 2018 at 3:19 pm   /   Oil & Gas

BP will begin producing 60 mmcf/d of natural gas from its Qattameya Shallow-1 exploration well in the North Damietta East Nile Delta marine concession by 2020, a source from the industry told Youm7. Early works on the well are due to begin soon as BP had promised in April to begin production by no later […]

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BP

BP: Egypt’s WND Giza, Fayoum fields to produce 400 mmcf/d by end of 2018

Posted: October 16, 2018 at 4:10 pm   /   Oil & Gas

BP will begin production at two of its Egyptian gas fields as part of its West Nile Delta project by the end of 2018, a petroleum ministry statement said on Monday. The fields, Fayoum and Giza, will initially yield around 400 million cubic feet of gas per day, by the end of 2018, the statement […]

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SDX

SDX Energy confirms talks with BP to acquire assets in Egypt

Posted: September 21, 2018 at 6:11 pm   /   Oil & Gas

UK player confirms media report that is it in discussions over ‘significant package of assets’. North African-focused oil and gas company SDX Energy on Thursday confirmed that it was in discussions with BP Plc to buy a package of assets in Egypt. London-listed SDX said the acquisition would constitute a reverse takeover. SDX said its […]

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Hesham Mekawy

BP plans to invest $2 billion in Egypt next year – Mekawi

Posted: September 12, 2018 at 1:28 pm   /   Oil & Gas

BP is planning to invest USD 2 billion in Egypt in 2019, BP North Africa Regional President Hesham Mekawi tells Al Shorouk in an interview. BP Group CEO Bob Dudley had said back in February that the firm was investing USD 1 billion in 2018. Mekawi suggested that BP invested a total of USD 2.5 […]

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BP

BP invested $35 billion in Egypt over five years – Regional President

Posted: August 29, 2018 at 1:43 pm   /   Oil & Gas

BP produces 10% of Egypt’s oil, condensates production, 50% of gas, says Mekkawi. Hesham Mekkawi, regional president of BP, North Africa said that the company’s investments have amounted to $35 billion in 5 years in Egypt. He added that the investors are BP’s activity in Egypt is in the exploration and production of oil and […]

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MOP-Eni-BP

Egypt signs 3 Oil & Gas exploration agreements worth $139.2 million

Posted: August 14, 2018 at 9:13 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla signed three new oil agreements for the exploration of oil and natural gas in the Mediterranean, Western Desert and Nile Delta regions with investments of $139.2 million. The minister also signed grants of $55 million for drilling 15 new wells, an official statement revealed. The first agreement […]

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BP

BP to drill its first Gulf of Suez exploration well by October

Posted: August 4, 2018 at 3:37 pm   /   Oil & Gas

Britain’s BP will begin drilling its first exploration wells in the Northeast Ramadan concession area in the Gulf of Suez by early October at the latest, an Egyptian state oil company EGPC official said. The source told Youm7 that the project is awaiting completion of security approvals and the licenses necessary to start drilling. Drilling […]

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NE Ramadan

Egypt, BP sign $46m deal for Gulf of Suez oil exploration

Posted: July 30, 2018 at 8:43 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) and the London-based BP Plc have signed a $46 million agreement for oil and gas exploration and production at the North East Ramadan area in the Gulf of Suez. The deal also included a $4 million signing bonus to drill three wells, according to a press release. The deal was […]

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Mubadala Pet

Eni completes sale of 10% stake in Shorouk concession to Mubadala Petroleum

Posted: June 20, 2018 at 10:52 pm   /   Oil & Gas

Eni has finalized a 10% stake sale in the Shorouk concession to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located. Eni, through its subsidiary IEOC, now holds a 50% stake of the Contractor’s Share, while Rosneft holds 30%, BP 10% […]

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