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Tag: BP
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BP buys 25% stake in Eni’s Nour concession offshore Egypt

Posted: December 10, 2018 at 2:01 pm   /   Oil & Gas

BP buys 25% stake in Eni’s Nour concession: BP has acquired a 25% stake in the Nour concession from Eni, according to a statement from Eni. Industry watchers hope the offshore North Sinai concession could be a Zohr-scale discovery. The “transaction is part of a wider business alignment with BP internationally and further strengthens the […]

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BP CEO

BP to spend $2.8bn in Abu Dhabi, Egypt to boost Middle East presence

Posted: November 12, 2018 at 1:29 pm   /   Oil & Gas

Oil major BP aims to spend $1.8 billion in Egypt next year and $1bn annually in Abu Dhabi as it looks to expand its operations in the Middle East on the back of new discoveries and licensing rounds, according to its chief executive. BP, one of the world’s largest oil companies and the earliest explorer […]

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BP

BP looking to grow in Egypt, will not increase stake in Zohr field

Posted: October 28, 2018 at 2:51 pm   /   Oil & Gas

BP CEO Bob Dudley told Reuters on Thursday that BP was looking to grow in Egypt where it is developing the West Nile Delta project. BP had pledged USD 2 billion in new investments in 2019. That said, BP will not raise its stake in Zohr for “capital employment reasons,” Dudley said. The option for […]

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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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