Egyptian Natural Gas Holding Co. has awarded bp two exploration blocks in the eastern Mediterranean Sea.
For the Northwest Abu Qir Offshore Area, bp will operate with an 82.75% interest, with partner Wintershall Dea holding 17.25%.
The 1,038-sq-km concession over water depths ranging from 600 m to 1,600 m is west of the recently awarded North King Mariout Block (bp 100%) and north of the Raven gas field.
The 3,440-sq-km Bellatrix-Seti East Block, where bp and operator Eni will each hold a 50% share, is west of the Atoll Field and North Tabya blocks in water depths of 100 m to 1,200 m.
Karim Alaa, bp’s regional president, Egypt, Algeria and Libya, said, “We have been awarded four new exploration blocks and a block extension in 2022, which offer the potential for gas discoveries that could be developed using existing infrastructure. Acquiring this acreage is part of our strategy to maintain a longer-term plateau production rate.”
Earlier this year, bp also secured the King Mariout Offshore Area (100% bp), North El Fayrouz offshore area (50% bp and 50% Eni, as operator) and the North El Tabya area extension (100% bp).
Source: Offshore Mag
