BP wins two more blocks off Egypt
- Date: 28-Nov-2022
- Source: Energy Voice
- Sector:Financial Services
- Country:Egypt
BP wins two more blocks off Egypt
Egypt has awarded two exploration blocks in the Mediterranean Sea to BP, close to its existing assets.
BP took an 82.75% stake in the Northwest Abu Qir Offshore Area, while Wintershall Dea holds the remaining 17.25%. This is west of the North King Mariout block, in which BP has 100%, and north of the company’s Raven field. BP won the North King Mariout area earlier this year.
The new licence covers 1,038 square km, with water depths ranging from 600 metres to 1,600.
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