(CercleFinance.com) – bp announces that it has been awarded two exploration blocks in the Mediterranean Sea, off the coast of Egypt, by the Egyptian Natural Gas Holding Company.
The first offshore area (in which bp, the operator, holds 82.75% and Wintershall-Dea holds 17.25%) is located west of the recently awarded block North King Mariout (bp 100%). It covers an area of about 1038 km2 with water depths between 600 and 1600 meters.
The second – in which bp and Eni, the operator, each hold a 50% share – is located west of the Atoll field and the North Tabya blocks, stretching almost 3,440 km2 with water depths between 100 and 1200 meters.
Eni thus intends to ‘help meet Egypt’s growing energy needs by providing gas supplies at competitive prices and by supporting Egypt throughout the energy transition by exploring growth opportunities in hydrogen, for example,” commented Anja-Isabel Dotzenrath, bp’s executive vice president for low-carbon gas and power.
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