{"id":625374,"date":"2018-08-02T03:48:38","date_gmt":"2018-08-02T03:48:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/bp-to-begin-drilling-its-first-gulf-of-suez-well-by-october\/"},"modified":"2018-08-02T03:48:38","modified_gmt":"2018-08-02T03:48:38","slug":"bp-to-begin-drilling-its-first-gulf-of-suez-well-by-october","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/02\/bp-to-begin-drilling-its-first-gulf-of-suez-well-by-october\/","title":{"rendered":"BP to begin drilling its first Gulf of Suez well by October"},"content":{"rendered":"

BP is set to begin drilling its first well in a concession in the Gulf of Suez by October of this year, a company source said yesterday, Al Masry Al Youm reports<\/a>. BP\u2019s JV with the Egyptian General Petroleum Corporation (EGPC), Gulf of Suez Petroleum Company, will be carrying out the drilling and production works. BP had signed last week<\/a> a USD 46 mn agreement with the EGPC for oil and gas exploration in the Gulf of Suez, including USD 4 mn to cover the cost of drilling three wells. The report comes as UK Trade Envoy Sir Jeffrey Donaldson assured Oil Minister Tarek El Molla that British oil and gas companies are keen on investing further in the sector, according to an Oil Ministry statement picked up in the local press<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

BP is set to begin drilling its first well in a concession in the Gulf of Suez by October of this year, a company source said yesterday, Al Masry Al Youm reports. BP\u2019s JV with the Egyptian General Petroleum Corporation (EGPC), Gulf of Suez Petroleum Company, will be carrying out the drilling and production works. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625374","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"4de56ad3-50a9-4f3b-ad04-6a29ef7b3077","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"BP to begin drilling its first Gulf of Suez well by October","related_issue":[625347],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.cbd29058-48fe-487e-8ca2-6f8744c6d99f.mp3"},"yoast_head":"\nBP to begin drilling its first Gulf of Suez well by October - 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\/2018\/08\/02\/bp-to-begin-drilling-its-first-gulf-of-suez-well-by-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BP to begin drilling its first Gulf of Suez well by October\" \/>\n<meta property=\"og:description\" content=\"BP is set to begin drilling its first well in a concession in the Gulf of Suez by October of this year, a company source said yesterday, Al Masry Al Youm reports. BP\u2019s JV with the Egyptian General Petroleum Corporation (EGPC), Gulf of Suez Petroleum Company, will be carrying out the drilling and production works. 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A conflicting report by\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569240,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/dragon-oil-to-invest-usd-650-mn-in-egypt-over-five-years\/","url_meta":{"origin":625374,"position":2},"title":"Dragon Oil to invest USD 650 mn in Egypt over five years","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"INVESTMENT WATCH- Dragon Oil to invest USD 650 mn in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 mn in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627409,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/egpc-signs-usd-46-mn-oil-and-gas-exploration-agreement-with-bp\/","url_meta":{"origin":625374,"position":3},"title":"EGPC signs USD 46 mn oil and gas exploration agreement with BP","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) signed a USD 46 mn agreement with BP yesterday for oil and gas exploration the in Gulf of Suez, according to a statement picked up by Ahram Gate. The agreement also includes a USD 4 mn to cover the cost of drilling three wells.\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598784,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/09\/dragon-oil-agrees-to-acquire-bps-gupco-assets\/","url_meta":{"origin":625374,"position":4},"title":"Dragon Oil agrees to acquire BP\u2019s GUPCO assets","author":"enterpriseam admin","date":"9 June 2019","format":false,"excerpt":"M&A WATCH- Dragon Oil agrees to acquire BP\u2019s Gulf of Suez assets: BP reached an agreement to divest its interests in Gulf of Suez oil concessions in Egypt to Emirates National Oil Company\u2019s (ENOC) subsidiary Dragon Oil, BP said in a statement. Under the terms of the agreement, which is\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/1\/2424.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598429,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/26\/bp-close-to-selling-gupco-stake-to-dragon-oil-for-usd-600-mn\/","url_meta":{"origin":625374,"position":5},"title":"BP close to selling GUPCO stake to Dragon Oil for USD 600 mn","author":"enterpriseam admin","date":"26 May 2019","format":false,"excerpt":"M&A WATCH- BP is close to selling its stake in Gulf of Suez Petroleum Company (GUPCO) to Dubai-based Emirates National Oil Company (ENOC) subsidiary Dragon Oil for USD 600 mn, industry and banking sources said, according to Reuters. The move received initial approval from the Oil Ministry. The sources gave\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625374"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625374\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625347"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625374"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625374"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}