BP Signs Egypt Deal to Drill Five Mediterranean Gas Wells
Key Takeaways BP signed a preliminary deal with EGAS to drill five Mediterranean gas wells.Drilling is set for next year at depths of 300-1,500 meters via West Nile Delta facilities.Egypt seeks to lure majors back as domestic gas output drops sharply.BP plc (BP) has signed a preliminary agreement with the Egyptian Natural Gas Holding Company (EGAS) to drill five new Mediterranean gas wells, Egypt’s Petroleum Ministry said Monday. The move highlights BP’s long-standing role as a core international partner in ...