{"id":547629,"date":"2022-06-29T04:00:28","date_gmt":"2022-06-29T04:00:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/"},"modified":"2022-06-29T04:00:28","modified_gmt":"2022-06-29T04:00:28","slug":"bp-gets-a-new-mediterranean-gas-block","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/","title":{"rendered":"BP gets a new Mediterranean gas block"},"content":{"rendered":"

<\/a> BP lands new gas exploration rights in Mediterranean: <\/strong>Egypt awarded BP an offshore exploration block in the western Mediterranean\u2019s King Mariout Offshore concession, giving it 100% of the exploration rights for the area, the company said in a statement (pdf)<\/a>. The 2.6k sq km area has potential for material gas discoveries that could be developed using existing infrastructure, BP said.<\/p>\n

This is one of the blocks included in last year\u2019s <\/strong>oil and gas exploration tender<\/a><\/strong>.<\/strong> The Oil Ministry had awarded eight of the 24 blocks from the tender to seven companies earlier this year<\/a>. These blocks include Egy-Med-E5 in Port Said, which was awarded to Eni and BP<\/a> on a 50-50 basis. It\u2019s unclear so far what happened with the remaining blocks.<\/p>\n

Our Med gas is hot right now: <\/strong>We haven\u2019t had any updates on the government\u2019s latest oil and gas bid round<\/a>, which was set to be launched before June. But there\u2019s been no shortage of announcements on fresh FDI to our Mediterranean gas industry. Firms including Chevron<\/a>, Shell<\/a>, and Eni<\/a> have all recently signed agreements to help us up capacity, as Europe looks to new suppliers amid global shortages and the fresh rift with Russia over its war in Ukraine.<\/p>\n

IN <\/strong>OTHER ENERGY NEWS-<\/strong> Prime Minister Moustafa Madbouly set the price of <\/strong>natural gas for electricity plants <\/strong>at USD 3 \/ MMBtu, down from the USD 3.25 \/ MMBtu set in 2020<\/a>, according to a decree published in the official gazette (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

BP lands new gas exploration rights in Mediterranean: Egypt awarded BP an offshore exploration block in the western Mediterranean\u2019s King Mariout Offshore concession, giving it 100% of the exploration rights for the area, the company said in a statement (pdf). The 2.6k sq km area has potential for material gas discoveries that could be developed […]<\/p>\n","protected":false},"author":1,"featured_media":547630,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[196,93,72,91,371],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-bp","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-oil-ministry","wpautop","entry"],"acf":{"mongo_id":"0cac749b-5323-4523-afd4-ba3bf8f3ba46","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/339.jpg","photo_position":"above","related_issue":[547617],"teaser":"","voice_url":""},"yoast_head":"\nBP gets a new Mediterranean gas block - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP gets a new Mediterranean gas block\" \/>\n<meta property=\"og:description\" content=\"BP lands new gas exploration rights in Mediterranean: Egypt awarded BP an offshore exploration block in the western Mediterranean\u2019s King Mariout Offshore concession, giving it 100% of the exploration rights for the area, the company said in a statement (pdf). The 2.6k sq km area has potential for material gas discoveries that could be developed […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-29T04:00:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/339.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"BP gets a new Mediterranean gas block\",\"datePublished\":\"2022-06-29T04:00:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/\"},\"wordCount\":250,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/6\/339.jpg?fit=%2C&ssl=1\",\"keywords\":[\"BP\",\"energy\",\"EnterpriseAM\",\"oil and gas\",\"Oil Ministry\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/29\/bp-gets-a-new-mediterranean-gas-block\/\",\"name\":\"BP gets a new Mediterranean gas block - 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The oil and gas giant has now been awarded four blocks so far this year, along with a block extension, \u201cwhich offer the potential for gas discoveries that\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/473.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661969,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/09\/shell-and-partners-withdraw-from-their-red-sea-blocks\/","url_meta":{"origin":547629,"position":2},"title":"Shell and partners withdraw from their Red Sea blocks","author":"enterpriseam admin","date":"9 March 2025","format":false,"excerpt":"PLUS- BP wraps up drilling at its El Fayoum-5 gas well","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/3\/587.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542576,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/04\/bp-eni-among-7-companies-to-land-new-oil-gas-exploration-blocks\/","url_meta":{"origin":547629,"position":3},"title":"BP, Eni among 7 companies to land new oil + gas exploration blocks","author":"enterpriseam admin","date":"4 January 2022","format":false,"excerpt":"Seven international energy companies have been awarded eight of the 24 oil and gas exploration blocks included in the government\u2019s bid round held last year, the Oil Ministry said in a statement yesterday. BP, Eni, Apex International, Energean Egypt, United Energy, Ukraine\u2019s INA Naftaplin, and Chile\u2019s Enap Sipetrol all received\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/43.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671043,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration\/","url_meta":{"origin":547629,"position":4},"title":"Foreign firms to invest some USD 340 mn on oil and gas exploration","author":"enterpriseam admin","date":"31 August 2025","format":false,"excerpt":"PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2299.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":632690,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/18\/egas-to-hold-exploration-tender-for-nine-blocks-by-june\/","url_meta":{"origin":547629,"position":5},"title":"EGAS to hold exploration tender for nine blocks by June","author":"enterpriseam admin","date":"18 February 2018","format":false,"excerpt":"EGAS to hold exploration tender for nine blocks by June: EGAS plans to hold an international exploration tender for nine blocks \u201cbefore the end of 1H2018,\u201d EGAS Vice Chairman for Agreements and Exploration Ahmed Salah Abdel Wahed said on Thursday, Youm7 reports. 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