BP signs concession amendments in Egypt

BP, known as British Petroleum also, has signed concession amendments for the Temsah, Ras El Barr and Nile Delta offshore concessions in Egypt. These amendments allowed for the economic development of the Nooros development, where the company recently achieved record production.

Hesham Mekawi, Regional President, BP North Africa said: “BP is proud to progress the acceleration of its drilling activities in the three concession areas. The conclusion of these amendments was a critical milestone that allowed the discovery and fast track development of the Nooros field in the Nile Delta offshore concession which this month achieved record production of 700mmscfd and is targeted to reach 880mmscfd by early 2017”.

Source: Reuters