France’s Total will begin drilling in block 2 in onshore Egypt, which is managed in a 50/50 partnership with BP, MENA President for Exploration and Production Stephane Michel told Reuters. Drilling will start as soon as a rig currently being used by BP on another block is available. The company is also preparing to drill for gas off Cyprus in block 11, which is adjacent to Egypt’s Zohr. "Obviously the Zohr discovery has changed the landscape …It is clear that the decision to drill block 11 was taken on the basis of the Zohr discovery," Michel said.
More from Enterprise
Your points are currency, treat them like one
Most people treat credit card points like a pleasant surprise:…
How should young people think about money and budgeting?
Your income and your time are your biggest assets in…
New tax bill heads to House ahead of July rollout
The new package scraps the contentious capital gains tax, overhauls…
The apps reshaping how we manage money
Today, users can invest in stocks, gold, or money market…