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Tag: BP

Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses

Posted: October 6, 2015 at 9:06 pm   /   Oil & Gas

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS said in a statement it had awarded one licence to Britain’s BP and one to Italy’s Edison. A consortium involving […]

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Nexans to deliver umbilicals to the West Nile Delta Taurus Libra project in Egypt

Posted: September 18, 2015 at 7:05 pm   /   Oil & Gas

Nexans has been awarded the contract to deliver 48km of static umbilicals to BP, and partner DEA, for the West Nile Delta Taurus Libra project in Egypt. The Taurus Libra development is a subsea project tied in to existing BG Group operated Burullus facilities, and the umbilical delivery forms an important part of this subsea […]

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Subsea 7 awarded $500 million BP contract offshore Egypt

Posted: July 30, 2015 at 7:45 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project where field development will be at depths of […]

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Maersk Discoverer completes deepest well drilled in Egypt & longest in the Mediterranean

Posted: July 7, 2015 at 6:46 pm   /   Oil & Gas

Maersk Discoverer finished well 62 days ahead of time for BP and claimed two offshore Mediterranean records. In the beginning of May, the crew on Maersk Discoverer reached a great milestone when they finalised their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m […]

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Egypt raises gas price paid to Italy's Eni and Edison – EGAS official

Posted: July 6, 2015 at 9:32 pm   /   Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will […]

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Dana Gas signs participation agreement with BP in Egypt

Posted: June 3, 2015 at 7:51 pm   /   Oil & Gas

– Dana Gas concludes agreement with BP for drilling an exploration well in El Matariya Onshore Concession (Block 3) – Dana Gas to be carried for the exploration well costs – The exploration well expected to spud 1H 2016 Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm […]

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Egypt extends Mediterranean gas exploration tender by 2 months, adds four new blocks

Posted: May 27, 2015 at 10:43 pm   /   Oil & Gas

Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said, as the country seeks to boost domestic energy production. The bidding period now runs to July 30 and will include 12 offshore concessions instead of eight, the […]

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DEA farms out part of West Nile Delta project to BP

Posted: May 19, 2015 at 10:42 pm   /   Oil & Gas

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to better balance its portfolio. The deal includes the sale of a portion of DEA’s stake in the ongoing Phase 1 development […]

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OneSubsea Awarded Contract for BP West Nile Delta Taurus Libra Development

Posted: April 24, 2015 at 7:26 pm   /   Oil & Gas

OneSubsea, a Cameron and Schlumberger company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt. The subsea systems scope of supply includes 10 large bore gas trees and related subsea equipment. First deliveries are expected in Q1 2016. The Taurus Libra field […]

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BP makes second significant gas discovery in Egypt’s East Mediterranean Sea

Posted: March 13, 2015 at 8:04 pm   /   Oil & Gas

BP Egypt announced another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig “Maersk Discoverer,” has reached 6,400 meters depth and penetrated approximately 50 meters of gas pay in high quality Oligocene sandstones. Expected to be […]

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