Regional President of British Petroleum (bp) in the Middle East and North Africa, Nader Zaki, revealed the progress of the ongoing work in drilling two new wells to produce natural gas from the Raven Offshore Field, West Nile Delta, with investments of $700 million, to produce 200 million cubic feet of gas per day (mcf/d), as part of the work to develop natural gas resources in the producing field in the Mediterranean Sea.

Zaki’s statement came during a meeting with Karim Badawi, Minister of Petroleum and Mineral Resources, which was attended by Wail Shaheen, Regional Vice President of the company in Egypt.

The meeting was held within the framework of enhancing coordination with petroleum industry partners to encourage investment so as to increase production.

During the meeting, Badawi was briefed on the British company’s operation program in Egypt over the coming period, which aims to accelerate exploration, production and field development in its operating areas in the Mediterranean Sea to increase production rates, gradually.

Meanwhile, Zaki confirmed bp’s commitment to the agreed plans in the field of implementing exploration programs and drilling new wells in the British company’s concession areas in the Mediterranean Sea. Zaki highlighted the importance of joint cooperation with the petroleum sector to support implementation.