Monday, 10 November 2014

BP awarded two new exploration blocks in Egypt

CAIRO -- BP Egypt has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases. Block 3 - North El Mataria is BP’s first entry into the Onshore Nile Delta. Block 8 - Karawan Offshore is located in the Mediterranean Sea, in the northeastern part of Egypt’s economic waters.


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