Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-12-11 19:25:00

BP COMPLETED $12 BLN

BP COMPLETED $12 BLN

BP Egypt has completed the acquisition of its stake in $12bn West Nile Delta (WND) project from Germany-based DEA Deutsche Erdoel.

As part of the acquisition, the company acquired 22.75% in the North Alexandria Concession and 2.75% in the West Mediterranean Deep Water Concession, which forms part of the WND project.

The acquisition will increase BP's working interest in both concessions to 82.75%. The deal has been completed after receiving approval from the Egyptian General Petroleum (EGPC) and Egyptian Ministry of Petroleum.

DEA said that the stake sell is part of its portfolio optimisation. 

BP North Africa regional president Hesham Mekawi said: "We are pleased to be increasing our interest in the WND project, which is a strategic project for BP and will play a key role in helping to secure Egypt's energy supply for many years to come. 

"This deal is another example of our commitment to help unlock Egypt's oil and gas potential through continued investments." 

The agreement will involve the development of five trillion cubic feet of gas resources, as well as 55 million barrels of condensates. 

Production from WND is expected to be around 1.2 billion cubic feet a day (bcf/d) and all the produced gas will be fed into Egypt's national gas grid.

BP expects production from the project to start in 2017.

DEA Deutsche Erdoel CEO Thomas Rappuhn said: "For DEA, this is another step forward in streamlining our portfolio.

"On the one hand, we balance our exposure, on the other hand we grow by adding production and opportunities, like currently in Norway."

offshore-technology.com

-----

More: 

GAS FOR EGYPT: $10 BLN 

BP LOSS $3.175 BLN 

ENI DISCOVERS EGYPT 

ROSNEFT & EGYPT DELIVERIES 

EGYPT'S GAS DOWN

 

Tags: BP, EGYPT, OIL, GAS

Chronicle:

BP COMPLETED $12 BLN
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

BP COMPLETED $12 BLN
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

BP COMPLETED $12 BLN
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

BP COMPLETED $12 BLN
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »