BP makes third gas discovery in Egypt’s East Nile Delta

BP makes third gas discovery in Egypt’s East Nile Delta

BP has made a further gas discovery in the North Damietta Offshore Concession in Egypt’s East Nile Delta, its third find in the block.

Located 60km North of Damietta city in Northern Egypt, the Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of around 108 metres.

The deepwater East Nile Delta block was discovered in 2015, but was fast-tracked by BP in June 2016, as the company looks to take advantage of the gas abundant area.

The British multinational oil and gas giant has 100% equity in the discovery.

Chief executive Bob Dudley said: “This latest discovery confirms our belief that the Nile Delta is a world-class basin.”

BP has held a presence in Egypt for around 50 years and currently produces almost 15% of the North African nation’s entire oil production and close to 30% of Egypt’s gas production with its partners.

@RGNonline