BP | Egypt Oil & Gas - Part 41

Egypt Awards New Oil and Gas Contracts

Egypt recently awarded eight oil and gas exploration contracts for prospecting projects off the North Coast of the Mediterranean Sea.  Companies including BP, Petroceltic International, Sea Dragon, Pura Vida Energy an...

BP Rethinking Libya Operations After Algeria Crisis

BP is reconsidering its operations in Libya after the terrorist attack on its gas facilities in Algeria and as industry concerns over security in Libya grow. “We had expected to restart drilling at the end of th...

BP to begin $10 billion Egyptian gas project

Energy giant BP will begin works on a deep-water natural gas production project in Egypt’s Mediterranean basin next week, according to a report on Al-Ahram’s Arabic-language news website. Robert Dudley, ch...

BP, IEOC make Nile Delta shallow gas discoveries

BP Egypt has made two shallow gas discoveries on the North El Burg concession offshore on Egypt’s Nile Delta. Eni’s International Egyptian Oil Co. drilled the Taurt North and Seth South discoveries in 110 m and 78 m o...

BP Expects to Start Libya Oil Exploration Drilling Next Year

BP PLC expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of Col. Moammar Gadhafi’s regime las...

Minister of Petroleum discussed business plans with the heads of foreign companies over the coming period

Eng.  Osama Kamal, Minister of Petroleum and Mineral Resources held a meeting with several heads of foreign companies operating in Egypt, British Petroleum (BP) and the German RWE, Malaysia’s Petronas and Britis...

BP drops SEEP to back Nabucco West

BP has chosen Nabucco West as its second export line option to bring gas from Shah Deniz 2 to Europe, axing its own South East Europe Pipeline (SEEP) proposals and narrowing the field to two pipelines. The 1300-kilome...

BP Egypt announces Seth first gas

On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule.    Seth field is located 60km offshore in the Ras El ...

BP sells stakes in North Sea fields for $280 million

British oil major BP said it agreed to sell its minority stakes in two North Sea fields to Japanese trading company Mitsui (8031.T) for $280 million, as part of a plan to focus its portfolio in the region on larger sc...

BP Lifts Force Majeure on Libyan Exploration

BP has lifted Force Majeure in respect of its Libyan Exploration and Production Sharing Agreement (EPSA) with the National Oil Corporation (NOC) effective 15th May 2012. Force Majeure has been in place since 21st Febr...

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