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The announcement added that the discovery has added significantly to the gas potential of the great Noroos area.
BP’s petrochemical business is focused on two major operations, aromatics and acetyls. The company has invested in leading technology and preference manufacturing plants for both operations, including a strong presence in Asian growth markets.
Speaking of his new role, Karim said: “I look forward to continuing to grow our current business and generate new opportunities in the region. We are reinventing BP to deliver our ambition to be a net zero company by 2050 or sooner, as well as helping the world get there, and North Africa has a role to play in that.”
He will continue in his current role until 1 July 2020, and will then spend six months as a senior advisor to ensure the smooth transition of leadership.
Previous price was $2.5/MMBtu, says source
Production of second phase amounts to 680m scf/day
Company aims to increase its total production of 300,000 barrels of oil in 2026
The Russian energy giant is in a consortium with Italy’s Eni, British Petroleum (BP), and UAE’s Mubadala Petroleum for the implementation of the Zohr offshore gas project in the Mediterranean Sea.
Linking the field to national gas network is underway, says EGAS source
Total production of two fields in Mediterranean Sea is 680m scf/day per day
Development agreements of Zohr, North Alexandria allow foreign partners to export gas after government’s approval
Adding third phase of North Alexandria project to national grid in late 2019
Combined production from project’s three phases is expected to reach 1.4bn scf/day in 2019
The Egyptian General Petroleum Corporation (EGPC) signed an agreement with the energy giant British Petroleum (BP) to explore and produce oil and gas in the northeast of the Ramadan concession in the Gulf of Suez with investments of $46m. The agreement was signed by the CEO of the EGPC, Abed Ezz El-Regal, and BP’s regional …
Egypt’s natural gas production to reach 5.4 bcf/day, says El Molla
The new field has a gas carrier layer of 37 meters in thickness
The agreements will inject investments worth $220m into oil and natural gas exploration in the Mediterranean
Arbitration case worth $8bn will be waived as soon as exporting begins
The two companies agreed that BP could purchase another 5% before the end of 2017
BP agreement with Royal Dutch Shell will see gas produced from North Alexandria project at $0.3 per million feet, says source
BP announced it has signed three concession amendments with the Minister of Petroleum Tarek El Molla for the Temsah, Ras El Barr, and Nile Delta offshore concessions in Egypt. These amendments allowed for the economic development of the Nooros field, where the company recently achieved record production. Hesham Mekawi, regional president of BP North …
Giza and Fayoum fields in northern Alexandria will produce 420m cubic feet per day in 2019, says source
Project’s production platform under preparation to link 350m cubic feet of gas daily, says source
Six wells will be linked from the new discovery to the national grid by the end of 2016/2017, says source
Drilling the first well is completed at 4,000 metres depth, says source
Early production will bring up to 300m cubic feet per day starting 2018
The discovery is located 12 kilometres from the shoreline
BP to complete the LNG production facilities by end of 2020, says EGAS official
Egypt key market for leading British companies working in oil and gas sector, says EIC Director