BP expects to increase its net output from the Nile Delta region by 500% over the next three years, the company’s Vice President for African Exploration, Jasper Peijs, said, according to Reuters.
By 2020, the company anticipates that it will be producing over 300 million barrels of oil equivalent per day (boe/d) from its fields in the Nile Delta, compared to the 50 million boe/d it extracted in 2016.
The production growth would come from three major projects, most notably from Zohr and Atoll phase 1, Peijs noted, according to World Energy News.
In May, the company announced that it had begun gas extraction from the West Nile Delta. Production was higher than was originally expected and came from the Taurus and Libra fields.