Cairo - Mubasher: Britsh Petrloum said it 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.
"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," said Hesham Mekawi, Regional President, BP North Africa.
"BP will also drill additional wells in Ras El Barr and Temsah areas that are expected to bring significant gas to the Egyptian domestic market,” added Mekawi.
BP holds a 50% interest in Temsah and Ras El Barr, and a 25% interest in the Nile Delta Offshore Concession. The remaining working interest is held by ENI through its subsidiary IEOC.
