BP | Egypt Oil & Gas - Part 26
Abu Dhabi to Combine Offshore Operations
Abu Dhabi National Oil Company is combining its two largest offshore ventures, the Zakum Development Company (Zadco) and the Abu Dhabi Marine Operating Company (Adma-Opco).
Shell, BP Bid on Egypt’s Petroleum Tender
Royal Dutch Shell and UK's BP have submitted bids in a Egypt's petroleum tender with Shell bidding for the Western Desert concession, and BP for the Gulf of Suez.
BP Bought Egypt’s Rosetta Gas Plant
UK's BP acquired Shell’s Rosetta gas treatment plant in Rashid for $128m.
Correction: BP Signed 3 Amendments in Egypt
UK's BP signed amendments to three concession agreements in Egypt.
El Molla Signed 3 New Petroleum Exploration Deals
Egypt signed 3 new petroleum agreements with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK's BP. The deals are worth $595m and are for the exploration and production of natural gas and oil. Eni, BP Drilled 2nd Well in South Baltim
Eni and BP finished drilling the second well in South Baltim to produce 350mcf/d of gas.
BP Boosts Gas Production in Egypt
UK's British Petroleum (BP) aims to boost their gas production in Egypt through enhancements of their concessions in the country in Taurt, Northern Alexandria, West Mediterranean, and Ras Al Bar gas fields.
Iraq to Review Oil Foreign Contracts
Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are low.
