BP to acquire additional interest in the West Nile Delta project Dec 10, 2015BP Egypt has completed its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. The acquisition will bring BP's working interest in both concessions of the West Nile Delta project to 82.75 per cent. The West Nile Delta project agreement, concluded in March 2015, involves the development of 5 trillion cubic feet of gas resources and 55 million barrels of condensates.
BP makes second significant gas discovery in Egypt's East Mediterranean Sea Mar 10, 2015BP Egypt has made another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The 'Atoll-1'