The Petroleum Ministry is committed to start production from phase two of BP’s West Nile Delta (WND) concession ahead of the 2019 scheduled date, Petroleum Minister Tarek El Molla said, according to Al Masry Al Youm. BP wants to bring the development’s Fayoum and Giza fields on stream end of 2018, with a daily production of 400 mcf, Regional President for North Africa Hesham Mekawi said. Production at Raven field should begin in 2019 at 350 mcf/d, he added. BP’s Taurus and Libra fields in the WND’s phase one had come onstream last month, eight months ahead of schedule.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
A dozen companies have moved up from the SME board, and analysts say investors should look at how capital is being raised
Companies can apply to move to the main board above…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…