BP Starts Up Production from Egypt's Taurt Gas Field

LONDON (Dow Jones Newswires), July 28, 2008

BP PLC (BP) started production of natural gas from Egypt's Taurt field at the beginning of July, the company said Monday.

The Taurt field is located in the Ras El Bar concession, which is 70 kilometers offshore northeast of Port Said.

The parties to Ras El Bar Offshore Concession agreement are BP Egypt, operator with 50%, and IEOC, the affiliate of ENI SpA (E) in Egypt, with the remaining 50%.

"Taurt ... will contribute to BP's production profile for the next decade and beyond. Egypt is an important growth area with further potential," said Andy Inglis, BP's Chief Executive of Exploration & Production.

Hesham Mekawi, President of BP Egypt added: "Taurt is BP's first subsea development in Egypt and also the first of what we plan to be a program of subsea developments, its successful delivery represents a new milestone in recovery of gas from the Mediterranean Sea."

The Taurt project is executed and operated by Gulf of Suez Petroleum Co., or GUPCO, a joint venture between Egyptian General Petroleum Corp. and BP, IEOC, and BP. 

Copyright (c) 2008 Dow Jones & Company, Inc.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Branch Manager for Heavy Equipment Dealership in Mississippi
Expertise: Facilities Management|Mechanic
Location: Mississippi, United States, MS
Production Operator - Bladder Blade Separators/Manifolds Speci
Expertise: Mechanical Technician|Production Operator|Production Technologist
Location: Houston, TX
United States Lafayette: Service Operator II - Surface Solutions
Expertise: Production Operator
Location: Lafayette, LA
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours