BP Makes Second Deepwater Gas Find Off Egypt

BP Makes Second Deepwater Gas Find Off Egypt
BP makes a second large gas discovery offshore Egypt as part of a concession estimated to contain more than 5 trillion cubic feet of natural gas.

Reuters

LONDON, March 9 (Reuters) – BP has made a second large gas discovery off Egypt as part of a concession estimated to contain more than 5 trillion cubic feet, the energy company announced on Monday.

BP Egypt's Atoll-1 is a deepwater exploration well located around 80 kilometres north of Egypt's Damietta and is the country's deepest well ever drilled, BP said.

The company drilled the well at 6.4 kilometres depth and expects to go another kilometre deeper.

"The Atoll discovery is a great outcome for our second well in this core exploration programme in the East Nile Delta," said Hesham Mekawi, BP North Africa regional president.

(Reporting by Karolin Schaps; editing by Jason Neely)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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